HG  v.97ff?Sii 


POSTAL  SAVINGS  SYSTEM 


TITLE  NINE  OF  THE  POSTAL  LAWS  AND 

REGULATIONS  RELATING  TO  THE 

POSTAL  SAVINGS  SYSTEM 

AS  AMENDED 

FOLLOWED  BY  THE  POSJAL  SAVINGS  ACT 
AND  AMENDMENTS 


EDITION  OF  JULY  1.  1917 


■ 


WASHINCTaS 

GOVERNMENT  PRl.VTING  OFFKE 

:9I7 


Korm  J*S44.     (July,  !917.) 


JJiUit  (Dftirr  Dri^tartmrnt 

POSTAL  SAVINGS  SYSTEM 


TITLR  NINE  OF  THE  POSTAL  LAWS  AND 

REGULATIONS  RELATING  TO  THE 

POSTAL  SAVINGS  SYSTEM 

AS  AMENDED 

FOLLO>^'ED  m'  THE  POSTAL  SAVINGS  ACT 
AND  AMENDMENT'S 


EDITION  OF  JLn'  I.  1917 


WASHINGTON 

COVERNME>rr  PRINTING  OFHCE 

1917 


TITLE  NINE,  POSTAL  LAWS  AND  REGULATIONS, 
RELATING  TO  THE  POSTAL  SAVINGS  SYSTEM. 


Post  Offk  k  Dkpaktmkxt, 

Wd.^lihiOtott,   Mini  ^S,  1917. 
Okdku  No.  .S53. 

'riu>  instnic-tions  fcintuiiu'cl  in  the  pamiiliJct  (Mitillccl 
''  Instructions  to  Postmasters  at  Postal  Savinpi  Deposi- 
tory OflM-es."  approved  Juno  13,  1913  (Form  PS  3, 
eirective  July  1,  1913),  are  hereby  revoked,  and  Title 
Nine,  comprising;  sections  1269  to  1288,  inclusive,  of  the 
P(»stal  Laws  and  Ke»;ulations  of  1913,  relatin}^  to  the 
pDstal  Savin«^  System,  is  amended  to  read  as  follows, 
to  take  effect  July  1,  1917: 

TITLl':  NINE. 
POSTAL  SAVINGS  SYSTKM. 

1.    lOsTABLISUMKNT     OK    SkKVU  K    AND    CoUKESPONDENCE. 

(a)    KfttahUjthment  of  srnnx^c. 

Sec.   1269.   The  Poetmaatcr   Genoral  shall   Boloct   and   desipnate     Authnrit)    for 
tlif  iMwt  xllires  whi<h  an«  to  !>(>  jMiHtal  miviii^^'s  deiniwiion'  otrui-w,  and  iN,"t.ti    '."runic'ii 
nhall  apiKiiiit  and  (i.x  thfcnmpcn.'ciiion  of  such  supcrintoiidcnts.  ineiM'<-  •'»)'''•'">• . 
U>n«.  and  otnor  cinployoi'a  as  may  t)e  nc<-eHBar\' in  conductiiip,  sujxT-STStnt..  .v.'j. 
viaing,  and  dirwtinR  the  humncas  of  such  oflicos,  including  tho  em-o;t^-l);  s'tu'i._  "m" 
plovoce  of  arentral  ofliro  at  Waaliinirton,  Distric-t  of  ( 'olumhia,  and  nhail     f*«> 'i>H;  M'lr.  4, 

s<*c.    6;    J6    hliU., 

pnwri^c  the  hours  during  \vhi<  li  ixwtal  savinjjs  de{xisi(op»'  oflicea  shall  ii*>. 
n>niain  open.  IIo  shall  al.M4j  fnmi  time  tt)  time  make  rules  and  re^Mila- 
tiona  with  reflpc<t  to  the  dei>o«it«  in  and  withdniwals  of  moneys  fnun 
poHtal  Having  <lepofiitori«'«  and  the  instie  of  J)iwh  l>ooks  or  8ii<h  other 
devif-es  as  he  may  a<lopt  as  eWdj'tu'o  of  such  di'|«*iit«  or  withdniwaLs. 
The  pn>vision.Hof  thea<t  approved  June  twenty-fifth,  ninete«Mi  hundred 
and  t«'n,  are  hereby  moditied  arrordinRly. 
S«c'  section  28'J,  |>anuTaph  5,  as  to  ollice  hours. 

NoTR. — The  a<lmini.<Ttration  of  tho  Postal  Savinps  System  is  hv  law     OntMlMilon. 
UmI  into  two  parts.     The  Poettuja-Mter  (Ir-nenii  it*  <harv'<'<l  with  the     •■"nrtimi        ot 
iiation  of  po««t  oilires  as  ptwtal  savinpj  dcp<>f«it<'rii's.  the  mipi-r-enU. 
.i-i"ii  of  postal  .Havinirs  Inmiii.       •-        i.  ted  at  d<i)<«^'itor\-  v 
and  thf  <ondti(t  of  the  (-••n;'^  trativt-  olVi.  <•  nt   \'. 

Tl»e    Hoanl    of   Tri'""-'     <■•■  '!•••    I'     •  '•  r   i.  ,;,.—    "f    l«n«r.l    of 

S«M-retar>-  of  the  Tr-  i  with  '"'■"^*'«^'' 

the  mansucement  a;    :  '   i  ^  they 

h'ave  the  custody  oi  )Kiritnuu<tcrs.     (,\ct  "i  Jua«  it.i,   i'JlO,  wt.   1.  m 
amended  bv  the  act  of  A\ip.  24.  1912.)    Tlie  Treasurer  of  the  Uniteil  —  o(  Treamirer  erf 
States  i.^  treasurer  of  the  Hoard  of  Tnisteos.     (Act  of  May  18.    1916,  ^'«»«t«i  8t»u». 
sec.  2.) 


'M\2b',V4, 


§1200,    §12.70         POSTAL    LAWS   AND   EEGULATIONS. 

•  f^H  d°^l'°°t  ^^  '^^^  Third  Assistant  Postmaster  General  is  constituted  the  agent 
Foltmad'tEr'livS-  "^  ^^®  Board  cf  Tnistees  for  all  purposes  connected  with  the  qualifica- 

erai.  tion  ot  depository  banks,  the  fixing  of  the  amounts  of  securities  to  l)e 

deposited  and  withdrawn  by  such  banks,  and  the  conditions  of  such 
deposits  and  withdrawals,  the  deposit  of  postal  savings  funds  to  the 
credit  of  said  board  and  the  -Rdthdrawal  and  transfer  of  such  funds, 
the  authorization  of  the  sale  of  securities  of  banks  which  fail  or  decline 
to  repay  deposits  on  demand,  the  purchase  of  postal  savings  bonds  for 
depositors,  and  the  repurchase  of  such  bonds  from  holders  at  par. 

rs5).  2.  Postmasters  at  offices  designated  as  postal  savings 

depositories  shall  post  conspicuously  one  or  more  placards 
(Form  PS  5)  calling  the  attention  of  the  pubhc  to  the 
postal  savings  service. 

(b)   Correspondence. 

co^m'^munica-     3.  All     Communications     from     postmasters     to     the 

ment.*"  ^®^'^'^'^"  Department  in  regard  to  postal  savings  business  shall  be 

addressed  to  the  Third  Assistant  Postmaster  General, 

Division  of  Postal  Savings,  Washington,  D.  C. 

Facts    to    be      4.  Correspondence  with  the  department  concerning  a 

specified.  ,  .         ,  i      n  -c  c 

depositor  s  account  shall  specify  the  name  of  the  depositor 

and,  when  necessary,  the  number  of  his  account  and  the 

be^fnctoLd "with  amount  on  deposit.     Letters  should  not  be  inclosed  with 

reports.  monthly  reports  unless  they  refer  solely  to  the  inclosures. 

envlfopis^^"^"^     5-  Official  communications  on  postal  savings  business 

shall  be  transmitted  in  penalty  envelopes. 
podtorTfn  foref^     6.  Wlicu  it  bccomes  iiccessary  for  a  postmaster  to  com- 
countnes.  municate  with  a  depositor  at  an  address  in  a  foreign 

country,  except  Canada,  Cuba,  Mexico,  Panama,  and  the 
United  States  postal  agency  at  Shanghai,  China,  the 
letter  and  any  accompanying  inclosures  shall  be  placed 
in  an  envelope  properly  addressed  to  the  depositor  (but 
which  shall  not  be  sealed)  and  shall  be  forwarded  under 
cover  to  the  Third  Assistant  Postmaster  General,  Division 
of  Postal  Savings,  at  Washington,  for  the  affixing  of  the 
necessary  postage. 

II.  Deposits  and  Interest. 

(a)  Deposits. 

1910,  June  25,       Sec.  1270.  Accounts  may  be  opened  and  deposits  made    *    *    * 

see.  4,  36  Stat.,  ^^y  ^j^y  person  of  the  age  of  ten  years  or  over  in  his  or  her  own  name, 

—  who  may  open,  and  by  a  married  woman  in  her  own  name  and  free  from  any  control  or 

interference  by  her  husband;  but  no  jierson  shall  at  the  same  time 

have  more  than  one  postal  savings  account  in  his  or  her  own  right. 

Individuals      2.  Deposits  shall  be  accepted   only  from  individuals, 
posit.  and  no  account  shall  be  opened  in  the  name  of  any  corpo- 

ration, association,  society,  firm,  or  partnership,  or  in 


TITLE    IX — I'OSTAL    SAVIXCS    SVSTI.M.  §1270 

the  namos  of  two  or  more  pn-sons  jointly.  \t»  nccoiiiit 
sluill  !)('  opciKMl  in  fli('  iiamo  of  oiio  pciNoii  in  (rust  for  or 
on  hciittJf  of  unothor  |)oi"son  or  persons. 

3.  Deposits  may  bo  aocoptod  without  roKJud   to   lhe^][,^^."''j;''    ^[ 
rrsidtMico   of   the  depositor,   hut    no   person   may   at   (ho''""""'^*'"^''"""' 
same  time  have  more  than  f)ne  postal  savin}j;s  account 
either  at  tlio  same  ofHeo  or  at  (Ufferent  oflices. 

■i.   At   U>n»t  $1.  or  ft  I:i!V«>r  amount  in   multiplcH  thortHif,   must   bo     Maximum  ami 

'  IlllilJiinitil. 

do|>o«it»il  In^fore  an  aci'ouiit  is  opened  «  <  »  and  :f  1,  or  raultiides  luio,  Juno  r., 
th*'rei)f,  may  bo  deiKwitod  aftor  such  account  has  been  opened,  but  the  sir,\  '  '  '  '*'"' 
balance  to  the  <Tedit  of  anv  person,  upon  wlikh  interest  is  pavablo,     ""?•  ^J^v    "* 

■    »  '      '  '     •  '  s<>c.    I,    30   Stat., 

Bhall  not  cxcwd  $1 ,000,  excliLsivo  of  accumuhited  intenvt.     *    *    *     159. 

5.  The  Hoard  of  Tni.'<te«!n  mav,  in  their  di^^cretion,  and  under  such     Nonin'orcst- 

,      .  Ill  "  1  1  1-    •  1    1  -.    l^'uriiin   (lc|)<tsit.s. 

re-.rulation.'*  as  such  board  may  i)ronuilf,'ate,  ai(e])t  ivlditiunal  depot^its  loir,.  Muv  18, 
not  to  exee<'<l  in  tlie  iu,'>:re'rate  $1,000  for  ea<  h  depwitor.  but  ti|)on  j^^  '•  ^"  *''"'' 
which  no  interoKt  .shall  be  paid. 

6.  Pendin<T  the  adoption  of  retjjuhitions  under  t]ioj;j;pu"i.'?»a^n2?^ 
authority  contained  in  the  above  statute  postmasters'""'""'' '"  "•'*°- 
shall  not  accept  noninterest-bearinf;  dejiosits.     They  shall 

limit  each  postid  savinj:^  account  to  $1,000  as  provitled  in 
para<^raph  4  of  this  section. 

7.  The  provisions  of  sections  'MV.l  and  1 1 24  delininir  what    ^^■'''",  ""*>'  .'"; 
may  be  accepted  for  the  purchase  of  money  orders  shall ^'^'"p*  Jpp<w'ta. 
l)e  af)plical)le  to  postal  savings  deposits,  subject  to  tlie 
provisions  of  section  1273. 

{h)   Interest. 

8.  Interest  at  the  rate  of  two  per  centum  per  anntim  shall  be  allowed     Intrrr.st. 
and  enten-d  to  the  cre<Iit  of  each  depositor  onco  in  each  year,  tJio  8ame  sec.  7,  m  8ut., 
to  be  computed  on  such  ba.-<LH  and  under  such  rules  and  regulations  as"""- 
the  Hoard  of  TruMte«»8  may  pres<ribe. 

'.).   Interest  at  the  rate  of  2  per  cent  per  annum  shall  bo-  *'\'"  p"V"»>ic 

'  •  tin  cvrtUtcatcs. 

allowed  and  paid  on  the  amount  represented  by  a  postal 
savin;^  certilicato  for  each  full  year  that  it  remains  on 
deposit  from  the  first  day  of  the  month  foUowing  the  day 
on  which  tliO  certificate  is  i.ssiied.  Interest  on  a  postal 
saving  certificate  does  not  become  payable  until  one  year 
from  the  interest  date  which  the  certificate  bears,  and 
inter<»st  is  not  payable  for  fractional  portions  of  a  year 
even  thouj^h  the  certificates  may  have  been  outstanding 
for  one  full  year  or  more.  F«)r  example,  on  a  certificate 
bearing  the  interest  date  of  January  1 ,  l!n2,  interest  first 
became  payable  on  Jamniry  1,  I'.il.J,  and  if  presentetl  for 
payment  at  any  time  aftor  that  date  and  prior  to  January 
1,  1014,  but  one  years  interest  was  payable. 


§1270,  §1271         POSTAL   LAWS  AND  KEGULATIONS. 

compomcfed.'^°'^  ^^-  Compound  interest  is  not  allowed  on  an  outstand- 
ing certificate,  but  a  depositor  may  withdraw  interest 
payable  and  make  a  new  deposit,  subject  to  the  restric- 
tion that  deposits  will  not  be  received  for  fractions  of  a 
dollar. 

Ill,  Opening  of  Accounts. 


appHc^ation  *"o'n      ^^^'  1271.  When  a  person  applies  to  open  an  account, 
600^   *^"""   ^^the  postmaster  or  his  representative  shall  question  the 
bj'%stmasten^*  ^PP^^^^^^^  ^^  obtain  the  necessary  information,  and  shall 
carefully  fill  out  an  apphcation  on  depositor's  card  Form 
PS  600,  except  the  line  marked  "Depositor's  signature," 
2.  The  postmaster  shall  enter  the  name  of  the  depositor 
depos^tor.^"*''^  ^^  ^t  the  top  of  the  form,  but  the  depositor  shall  personally 
sign  his  name  on  the  line  marked  "Depositor's  signature," 
(For  opening  of  accounts  by  mail  see  sec,  1274,  pars,  4, 
5,  6,  and  7.)     The  postmaster  shall  make  certain  that  the 
apphcation  is  signed  by  the  person  who  desires  to  open 
by  mark!  ^'^^^  ^^^  accouut.     If  the  applicant  signs  by  mark  or  in  char- 
acters not  used  in  the  Enghsh  language,  his  signature  shall 
be  attested  by  a  disinterested  witness.     (See  sec.  1281, 
mrne.'^"'^  sivenpars.  2,  3,  and  4.)     The  full  given  name  of  the  apphcant 
should  be  used.     When  an  intending  depositor  is  accus- 
tomed to  sign  by  initials  his  full  given  name  should  be 
written  at  the  top  of  the  application  form  and  he  should 
be  required  to  sign  the  apphcation  twice,  first  using  his 
fuU  given  name  and  then  signing  by  initials  in  the  manner 
to^stgn^heTTTO-^^^  dcsircs  his  certificates  issued.     A  married  woman  who 
given  name.        opens  an  accouut  should  sign  her  own  given  name  and  not 

that  of  her  husband. 
mus/°  bT^com°     ^-  Great  care  shall  be  taken  to  comply  with  aU  instruc- 
piete.  tions  relative  to  the  depositor's  card  Form  PS  600,  and 

no  account  shall  be  opened  with  any  person  until  all  the 
information  called  for  by  the  application  form  has  been 
furnished  and  the  form  signed  by  the  intendmg  depositor. 
is^mabi?to?ir/-^^*^^^  ^^  apphcant,  though  willing  to  do  so,  is  unable  to 
nish  information,  auswcr   all   the   qucstious   on   the    application   form,    a 
partly  completed  apphcation,  if  properly  signed,  may  be 
accepted,  provided  other  data  are  entered  on  the  appli- 
cation which  will  assure  subsequent  identification  of  the 
depositor. 
acTO™t^^"°^   °^     "^^  Accounts  shall  be  numbered  consecutively,  when 
opened,  beginning  with  No.    1.     The  number  shall  be 
entered  on  the  depositor's  card  and  on  all  certificates 
issued  in  the  name  of  the  depositor  to  whom  the  account 


TITLE    IX POSTAL   SAVINGS   8YSTI-:M.      §1271,   §1272 

boloiij^s.  In  no  I'vcnt  slmll  a  <l(|)(»sit(»r  luivf  nioit^  than 
on«»  account  niinilxT  at  any  ono  [\uu\  A  iww  account 
opened  by  a  former  <leposit(U-  shall  n-ceivo  a  new  nuinlxq-. 

5.  The   depositor's  card    Form   PS  GOO  cond)im«s   the  "'•'P**""''- "»r«« 

'  .      »••«  ciirnbUHvi     iipi>ll- 

depositors  application  to  open  an  account  with  a  '■•*<"<>rd ;,','^'^'|^^^j^",^*'^ 
of  the  issue  and  payment  of  his  {)ostal  savings  certilicatcs 
aiul  the  balance  to  his  (  icdil. 

(').   When   the  space   provided  on   tin-   hack  <»f   the  d«'-    •"^"i'pi'">-ni.ij 

'  '  cuni     >orm    I'B 

posilor's  card   Form   PS  000  has  been  filled  subsiMpu'iit •'***• 
transactions  shall   be    record<'d   on  card  Form  PS  OOOa, 
which  shall  be  liled   imnuMliately  following  tlu^  apj^lica- 
tion  cartl. 

7.   Depositors'    cards    shall    be    filed    numerically    ^y po^/^f'cil^js''*^ 
account  numlM'i"s.     When  tlu^  nund)er  of  accounts  is  lar«^o 
aJi  alj)iuibetical  card  index  of  dejX)sitors'  names  shall  bo 
maintained,    showing    the    account    nundx'r   assi<^ned    to 
each. 

1\.   IssiE  OF  PosTAi-  Savings  Certificates. 

Sec.  1272.   Postal  savin«;s  deposits  shall  be  evidenced    ••<;;« ••/•vingi 
by    nontransferable    and     nonne<^otiable    certificates    of 
deposit,  to  be  supplie<l  to  postmastei-s  in  fixcnl  drnomina-— 'iinominatioiw. 
tions  of  $1,  $2,  $.'),  SIO,  S20,  $50,  $100,  S200,  and  SoOO. 
Certificates  will  be  furnished  with  stubs  attached,  each  -  •'i">>''- 
denomuiation  bound  in  books  of  oO,  both  certificates  and -^ruiiminuxrn. 
stubs  numbered  consocutivoly  from   1    to  50,  inclusive, 
101  to  150,  inclusive,  and  so  on.     The  numbei-s  51  to  100, 
inclusive,  and  151  to  200,  inclusive,  and  so  on,  will  not  bo 
used.     A  soparato  numerical  serit's  of  certificates  of  each-  wpamtc .wkiB 
(lenomunition  will  l)e  su|)j)lie(i  to  post  oilices  havmj^  larj^enn'i     fi*     coch 
deposits,  with  the  name  of  the  post  ollici*  printed  on  the 
certificate's.     F'or  other  post  offict<4j  a  separate  numerical 
9eri«»s  of  certiflcat<'s  of  4>ach  denomination  will  be  supplied 
for  each  State.     All  certificates  will  be  notched  on  the -"otchp.-.. 
upper,    tho  rij;ht,   and   the   lower  sides   to   indicate   the 
hun<lre<l-thousands.  ten-thousands,  and  tliousands  dij^its 
of  the  serial  nund)er. 

2.  Certificates*  thus  numbered  when  issued  shall  btar  "*""**■ 
the  name  of  the  issuini;  office,  the  date  of  issue,  th(»  name 
of  the  depositor,  the  nund)er  t)f  his  account,  and  the  tlato 
on  which  interest  begins.  Tho  stub  of  each  certificate 
bcsid(>s  the  serial  nnmluT  shall  show  the  depositor's  ac- 
count number  and  date  «»f  issue.  In  entering  dat<'S  on 
certificates,  the  month,  day,  and  year  shall  be  vrritton  or 
stamped  in  the  spac*^  ])rovided.  thus*  Auj^ist    1,   l!»17. 


§1272  POSTAL   LAWS   AND   EEGULATIONS. 

The  name  of  the  month  maybe  abbreviated,  but  should  not 
be  indicated  by  figures.  The  depositor's  nameshall  be  writ- 
ten as  signed  on  the  apphcation,  Form  PS  600.  No  entries 
shall  be  made  on  certificates  except  as  authorized  by  these 
regulations.  (For  correction  of  errors  see  sec.  1275.) 
certfficatel^iii'tel-  ^-  Certificates  issued  on  any  day  of  a  month  shall  begin 
est  date.  ^q  bear  interest  on  the  first  day  of  the  next  succeeding 

month.     (See  sec.  1270,  par.  9.) 
Procedure    on      4.  On  reccipt  of  a  dcposit  the  postmaster  shall  prepare 

receipt      of     de-  /  .  ^  ^        .  . 

posit.  a  postal  savings  certificate  or  certificates  covering  the 

amount  of  the  deposit,  note  the  date  of  deposit  and  the 
depositor's  account  number  on  the  corresponding  stubs, 
and  enter  on  the  depositor's  card,  Form  PS  600,  the  date, 
serial  number  and  amount  of  each  certificate,  and  the 
balance  then  to  the  depositor's  credit.  The  certificates 
shall  then  be  dehvered  to  the  depositor  as  evidence  of 
his  deposit.     Each  depositor  shall  be  provided  with  an 

p|^3oT'°^  ^"'^^  ^^^^^-^^P®'  Form  PS  301,  in  which  he  may  preserve  his 
certificates.  The  envelope  shall  bear  printed  information 
for  the  depositor's  guidance  and  a  blank  ledger  record  on 
which  the  postmaster  shall  enter  his  deposits  and  with- 
drawals, and  the  balance  to  his  credit.  The  entries  thus 
made  are  merely  for  the  convenience  of  the  depositor, 
but  the  certificates  issued  to  him  constitute  the  evidence 
of  his  deposit. 
Dep^itbyper-     5.  Before  accepting  a  deposit  from  a  person  who  has 

son  who  already  1         o  i  1 

has  an  account,  already  opened  an  account  the  depositor's  card,  Form 
PS  600,  shall  be  withdrawn  from  the  files,  and  if  the  pro- 
posed deposit  wUl  not  cause  his  balance  to  be  more  than 
SI, 000,  exclusive  of  accumulated  interest,  certificates 
covering   the   deposit  should   be   issued    and   recorded. 

j^openwi^before  vrhen  a  depositor  who  opened  his  account  prior  to  July  1, 
1917,  makes  further  deposits,  the  balance  to  his  credit  as 
shown  by  the  envelope,  Form  PS  300,  shall  be  entered  on 
card  Form  PS  600a,  and  all  additional  deposits  entered 
on  such  card  as  above  provided,  the  card.  Form  PS  600a, 
to  be  filed  next  to  the  depositor's  envelope,  Form  PS  300. 
Recording  day's     6.  The  depositors'  cards,  Form  PS  600,  after  the  entry 

proving  balances,  of  transactions,  shall  not  be  returned  to  the  files  until  all 
accounts  for  the  day  are  in  balance.  At  the  close  of  each 
day  the  total  value  of  certificates  issued  shall  be  entered 
in  the  Daily  Summary,  Form  PS  708,  and  the  inclusive 
serial  numbers  for  each  denomination  of  the  certificates 
issued  as  shown  by  the  retained  stubs  shall  be  entered  on 


TITLK    IX  —  I'OSTAl.    SAVIN(?S    SVSTLM.       §1272.  §1273 

Ahstnict  A,  Form  I'S  7t)'».  The  ciitrii-.  on  (he  drpositors' 
caiils  sliuU  Ix'  ])r<)vi'(l  daily  by  adding'  the  dcjxjsits  made 
ihiriiiijj  tho  day  as  slu»\\  ii  tlu'iciMi  and  «<)m])arinir  tlu»  total 
with  tho  total  issui'S  shown  l>y  \\\c  Ahsfrui-t  of  Issues, 
Form  PS  70."). 

7.  Certilieatos  shall  bo  issiu-d  in  t-onsccutivo  onh*r,  (VsninraiM  to 
bo'^iiininj;  with   tho  lowest  serial  niimoor.     Serial   niiiu-s<Tiiii     iuhhIkts 

,  ,      ,,  ,  ,  ,  ,  not  tube r)iungp<l. 

l)ei"H  shall  not  be  ehanj^ed  under  any  eircumstanees 

S.  If,  after  eertilieates  hn\-e  been  issued  from  a  new  when  ccrtm- 
book,    trio    j)ost master   diseovers    that    a    hook    oi    lower d  ^.k. 

serijJ   nunibei-s  of   that   ih'iiomination   is   on    hand   fntm  !i  .:on 

which  no  cortifieatos  have  boon  issued,  lie  sluiU  eoiitinuo 
to  use  the  book  of  lii^her  serial  numboi-s  until  it  is 
exhausted  and  then  issue  fixun  the  bot)k  of  lowest  serial 
uumboi-s. 

9.  If,  aflor  eertihcales  luive  boon  issued  from  a  now -n  book  of  lower 
i)0()k,  tiie  postmaster'  tuseovors  that  a  hook  ot  lower iiiiM.ii.iirtiyii.so<i. 
serial  iuimboi*s  of  tliat  (h'liomination   is  on   liand   from 

which  e(>rtilieales  liavo  been  issued  he  shall  resume 
issuiui^  e«'rf ificates  from  tho  partly  used  book  of  lower 
numbers  until  that  book  is  eomplototl.  Wlion  the  eerti- 
lieates issuiMJ  out  of  order  are  reached  in  the  regular 
onh'r  of  i.ssue,  they  shall  a<;ain  l)o  entered  in  Al)stract  A 

with  a  notation,  ''Issued  and  charged  ,"  showing 

the  day,  month,  and  year  of  issue. 

10.  Certificates  are  valid  until  i)aid.  Tlie  l<'-y»'Hr„,^°/|^\J^*'"''' 
interest  table  on   the  back  of  eacli   certilieato  does  not 

limit  the  life  of  tlie  certilicafe  or  the  accumubition  of 
interest  to  10  years. 

11.  Postnuistors  shidl  not  accept  issued  pt>stal  savings    ijjuwi    certin- 

./■       .         t  t      \  enteji    not    to   be 

certuicates  for  saic-keej)in^.  ko,,i. 

\'.    PosT.M.  .^\^l^(;s  Cakds   am»  .Siami's. 

Sec.  1273.      in  iir<l«*r  th.1t  HtiKilU'r  amdunt.H  miiv  i>i;i.  I  iiiiuihiti'ii  inr     ••"-tal  «»\ini;< 

dfjMwit.  any  jK^pton  may  pun  ha.^«>  fi>r  l«'n  ii'ut.i  from  any  at'|x»'it"ry ,uni|,,. 

ollii  o  a  !«Ktal  .••avium's  <arfl,  to  whirh  may  Im»  attai  )i<ii  s[Msiallv  j>n>-     loi".   Ju"*   2.\ 
I      II      ■         •  .11  ..        .    •         •  '..I  **<■•  •>  3*  Slat., 

pan**!  a<liutfiv»>  •tiamjiH,  to  ih»  kiiowii  om     iMwtal  8aMiiL.'>4  Hlam|it«.     and  isj. 

when  tlu*  .st;uu|>s  m>  atta<  h<>d  amount  to  onv  dollar  or  u  Jarv'tT  (•am  in 

miiltipl<>s   tluTL-of,   ini'ludinK   tho  tcn-cvnl   |K»(t^il  ttavinp*  <'aril,   tho 

same  may  l>c  prwcnttxl  a^ado^Mwit  for  oponiit);  an  airount,  and  addi- 

tion.<»  may  bo  madv  to  any  a«'<-r)unt  by  m«an.H  of  j»ii«h  card  and  »ta:!i|)« 

in  amountj4  of  one  dollar,  or  multiplm  thnre«)f,  and  when  a  card  and 

stam|<e«  thomto  atta4-h<><l  are  a<-<-upt«d  vun  a  dcixxiit  tho  |>uHtiDaitt«T  Hhall 

immiMiatt^ly  camol  thf  «<amo. 

2.   Postmasters  at  depository  oflicos  shall  keep  for  sale  ^ '"P* '°"^*- 
postal  savings  cards  at   10  cents  eacli.  an«l  s|)ecially  pre- 

101473'— 17 2  U 


§1273,  1274        POSTAL  laws  and  regulations. 

pared    adhesive    10-cent   postal   savings   stamps,    which 

may  be  affixed  by  the  purchaser  in  spaces  provided  on 

Postal  savings  such  savings  cards.     The  value  of  postal  savings  cards 

cards  and  stamps,         ,  p-iii  ini 

stock  entered  iii  and  stamps  lumished  the  postmaster  shall  be  entered 

Daily  Summary. ,        ,   .        •      i   •      -r-v    -i       r-i  -r-i  -r^r^ 

by  hnn  m  his  Daily  Summary,  Form  rS  708. 

—  accepted  as  de-     3    "WT^en  a  postal  savings  card  with  nine  postal  sav- 

ings stamps  affixed  is  presented,  it  shall  be  accepted  as 
a  deposit  for  $1    either  in    opening  an  account    or  in 

—  redeemed  in  adding  to  an  existing  account,  or  it  shall  be  redeemed  in 
— ^cajiceied.        cash.     The  postmaster  shall  cancel  the  card  and  stamps 

with  a  special  date  stamp  provided  for  that  purpose, 
bearing  the  word  "Canceled."  On  the  reverse  of  the 
card  he  shall  then  impress  the  postal  savings  date  stamp 
of  his  office.  The  value  of  postal  savings  cards  and 
stamps  sold  and  redeemed  shall  be  entered  at  the  close 

—  sales  and  re- of  busiuess  each  day  in  the  Daily  Summary,  Form  PS  708, 

demptions        en- 

tered   in    Daily  and  all  cards  cancclcd  during  the  month  shall  be  for- 

Smnmary.  i      i        •   i       i  , 

warded  with  the  postmaster  s  monthly  report. 

—  m:ie  stamps      4.  Oiie  Certificate  may  be  issued  to  cover  a  deposit 

must  be  on  a  card.  ,  i        •  i  i  i       i  p  i 

made  partly  m  cash  and  partly  by  means  ol  postal 
savings  cards  with  stamps  affixed,  but  no  card  having 
less  than  nine  postal  savings  stamps  affixed  shall  be 
accepted  for  deposit  or  redemption  under  any  circum- 
stances, nor  shall  postal  savings  stamps  not  affixed  to  a 
postal  savings  card  be  accepted.  Postage  stamps  shall 
not  be  accepted  for  deposit  in  lieu  of  postal  savings 
stamps. 

—  transferable.         5.  Postal  saviugs  cards   and  stamps   are  transferable 

and  need  not  be  presented  for  deposit  or  redemption  by 
the  original  purchaser  or  at  the  office  where  purchased. 
They  may  be  sold  to  any  person  in  any  quantity  desired. 

VI.  Deposits   Made   Through  a  Representative  or 

BY  Mail. 

(a)  Opening  accounts  tlirougTi  a  representative. 

Application      Sec.  1274.  Wlien  any  person  because  of  infirmity  or 

form  furnished  to      , ,  ,  i  rr-    •        ,  •  i  i        j^ 

representative,  otficr  gooQ  and  sumcieiit  rcasou  IS  unable  to  appear 
personally  to  open  an  account,  the  postmaster  shall  fur- 
nish to  the  representative  of  such  person  a  blank  applica- 
tion card  Form  PS  600  and  shall  instruct  the  repre- 
sentative as  to  the  method  to  be  observed  in  filling  out 
the  apphcation. 
dcpSiTfrom^re°-  ^'  ^^^u  the  application  has  been  returned,  properly 
resentative.        filled  out  and  sigued  by  the  depositor,  the  postmaster 

10 


TITLE    IX POSTAL   SAVINGS    SYSTEM.  >^l-'~4 

sluill  accept  tho  deposit  ami  issue  the  necessary  <"«'''tifi-^,^',|'^''";,'("'^„,'*^'J^' 
cates.  An  intendint^  deposit*)!-  who  sij^ns  ])y  murk  mnst^'^^ "''•"'"■  '" 
apj>ear  personally  to  opt»n  an  account. 

(b)  Opening  acrounls  hi/  mail. 

.!.   \\\\  pei"son   resiilinjr  in   a  communitv  served  bv   a    ivr<oT,  n-sMing 
i)o<t    oHice   wliich  luus  not   ])een   nut  liori/ed   In   transact'* 
postal  savini^  business   may    open   a   postal  savnij^  ac-w"'"-'  '  ■  '"•"'• 
count    by    mail    tiirouf^h    the    local    ]>osl master.      Post- 
masters at   all  such  oflices,   in   receiving  applications  to 
open   accounts   in   tins   manniT,   shall  be  j^iided  by  tho 
instnictions  in  para»^rai)hs  4,  o,  (').  and  7  of  this  secti'on. 

\.  The  nanu^  of  all  post  oflices,  brandies,  »nul  stati<)ns^,.^',';;I.';,'^|J|'^,'^^'J|J 
^vhere  postal  savini^   accounts   may  be  opened  shall  be^'"'''*^'- 
indicated  in  the  State  list  of  the  Postal  (hiide,  and  ••lian^cs 
in   po^^inl  savings  depository  ollices  shall   appeal-  in   the 
monthl\'  suj)j)lem«>nls. 

.'>.  When  a  patron  of  a  jxist  ofhee  not  designated  as  a  p;^rin''i\s*:iufb.°" 
postal  savings  depository  desires  to  open  a  postal  savings 
account  by  mail  he  sliould  apjdy  to  his  local  postmaster, 
who  will  niake  requi'st  on  the  most  conveni(>nt  postal 
savings  depository  office  for  an  api)lication  blank  (Form 
I*S  3()()b).  If  further  applications  to  <»pen  accounts  are 
anticij)ate(l  the  postnnistrr  shall  rcipicst  an  ade(pi;ite 
supply  of  application  forms  for  subsequent  use.  'rht> 
p«»st master  at  a  postal  savings  de()ository  office  shall 
furnish  <-opies  of  Form  PS  :iO()b  to  any  postmaster  at  a 
nondepository  office  who  requests  them. 

(i.  Th»«     postmasti'r    where     the    intending;    deixtsitor  -  ""'"'  o'"  '» 

'  ^  '  ufiplii  lilt    by    lo 

resi<li»s  will  carefully  fill  (tut  the  apj)lication  (Form  PS  * '' i-'-'mjistcr. 
3(K)b)  in  his  prosonco  after  first  itlentifying  him  and 
making  sure  that  h(>  is  a  resident  of  the  coinnnmity.  Tho 
[xistmaster  will  write  the  api)lic.ant's  name  at  tin*  top  of 
the  form,  and  aft4>r  questioning  him  will  enter  thcn<.n 
all  re<piired  information.  The  applicant  nuisi  j)erson- 
ally  sign  Ids  naiUo  on  the  line  marked  Signature  or  (x) 
mark  of  <le|H»sitor."  A  married  woman  should  sign  her 
own  Christian  or  given  mune  an<l  not  that  of  her  luLshaml. 
The  postnn*<ter  will  personally  exei'ute  the  cortili«-ate  at  T'lnntifvinRcrr- 
the  foot  of  tho  form  and  then  fonvard  the  application  t  •  t- 

the  most  convenient  post  office  in  tho  State  which  is 
shown  by  the  Postal  (liiide  to  be  a  postal  savings  deposi- 
tory office,  unii^ss  tho  intending  depositor  sp(H'ifically 
nxjuosts  that  tho  account  be  opono<|  elsewhere,  in  whir}) 

11 


§1274  POSTAL   LAWS   AND  REGULATIONS. 

case  the  postmaster  will  be  governed  by  his  wishes.  The 
certificate  to  the  apphcation  must  be  signed  in  person  by 
the  postmaster  at  the  office  where  the  applicant  resides. 
If  it  is  signed  by  an  assistant  or  clerk,  the  application 
will  be  rejected. 
Nomoneytobe     7.  No  moncy  should  be  sent  with  the  application,  and 

sent  until  appli-  i  i  •  ^ 

cation     is     ap- the   postmaster   at   the  nondepository   omce   must  not 

proved     at     de-  ^  .        .  „  J,  ^ 

pository  office,  acccpt  deposits  ui  any  lorm.  ihe  applicant  "svill  be  noti- 
fied direct  by  the  postmaster  at  the  office  where  the 
account  is  to  be  opened  on  the  approval  of  the  applica- 
tion and  will  be  instructed  how  to  make  deposits. 
jj^pprovaiofap-  g,  Qu  receipt  of  an  apphcation  on  Form  PS  300b  to 
open  a  postal  savings  account  by  mail,  the  postmaster 
at  a  postal  savings  depository  office  shall  see  that  the 
application  has  been  properly  prepared  as  provided  in 
this  section  and  that  the  certificate  of  identification  has 
been  executed  in  person  by  the  postmaster  from  whom  it 
was  received.  If  the  application  is  approved,  the  post- 
master at  the  depository  office  shall  notify  the  intending 
depositor  on  Form  PS  629  and  authorize  him  to  begin 
forwardmg  deposits  direct  to  the  office  by  money  orders 
made  payable  to  the  depository  postmaster  or  by  regis- 
tered mail. 
Entries  on  de-     9.  When  the  initial  deposit  is  received  at  the  deposi- 

positor's       card,  i        •     /■  •  r  •    i       i    i  i  t 

Form  PS  600.  tory  office,  the  iniormation  lurnished  by  the  applicant 
on  Form  PS  300b  shall  be  copied  on  a  depositor's  card, 
Form  PS  600,  and  the  application  filed  therewith.  In 
the  space  provided  for  the  depositor's  signature  on  Form 
PS  600  the  name  of  the  nondepository  office  through 

tifieate^.^  °^  ^^^'^which  the  application  was  made  shall  be  entered.  The 
postmaster  shall  then  issue  the  necessary  certificates  and 
mail  them  to  the  depositor.  For  procedm'e  in  handling 
subsequent  deposits  and  withdrawals  see  paragraphs  10 
and  11  of  this  section  and  section  1282,  paragraphs  5,  6, 
and  7. 

(c)  Subsequent  deposits    througJi    a    representative    or    hy 

mail. 

Deposits   may      10.  When  a  persoii  who  has  already  opened  an  account 

be  sent  by  repre- .  ,  ,        ,  .  ,  i  , 

sentative,    regis- is  Unable  to   appear  111   person   to   make  a  subsequent 

tered     mail,     or,  .,  .,  ,,  ,  , 

money  order.  deposit,  he  may  either  send  the  amomit  tmough  a  rep- 
resentative or  forward  it  to  the  post  office  by  registered 
mail  or  money  order.  When  a  deposit  is  sent  through 
a  representative  the  procedure  prescribed  in  paragraphs 


12 


TITI.K    IX POSTAL    SAVINCS    SYSTKM.      §1274,    §1-75 

1  ftiul  2  of  tills  section  sliall  Uc  foUowiMl,  except  that 
another  depositor's  card  (F(»nn  TS  GoD)  need  not  he  nsed. 
When  11  depositor  forwards  money  l)y  mail  for  «h>posit  tho 
j)ostmaster  shall  issue  the  necessary  certilicates  and  mail 
them  t^)  tho  depositor.  The  postmaster  shall  lile  tho 
letter  accompanying;  tlie  remittance  in  an  envelope  next 
to  tlie  deposit<ir's  card  Korm  PS  000. 

11.   Post-oflice  money  orders  mjiiled  for  dei^osit  should    M.m<y    or.ii-rs 
\)v    made    pavable    to    tiio   postmaster.   Monev   mtended  i>->  imi.i.r. 

,         ,  .     ,  ■  ,      ,  1  ,«•        1  -i'  I  1        Money  sent  ut 

for  deposit  forwarded  to  tlie  post  (dhce  by  mail  or  tiirougluUpoeitor'srisk. 
a  repri>setit:itive  is  siMit  at  the  risk  of  the  depositor. 

\  ir.  (\)KKK(  riox  OF  Ekicoks, 
Sec.  1275.    If  ail  error  made  in  issuin<'  a  cortificsite  is    <"ertintau's 

°  .  ^    spoiled  in  Ksuc. 

discoveri'd  before  the  issue  is  recorded  and  the  certifi- 
ciite  delivoroil,  the  postmaster  shall  stamp  hoth  the  cer- 
tificate and  the  stub  "Spoiled,''  and  issue  the  certificate, 
hearing  the  next  serial  number.  lie  shall  ent<'r  the  serial 
number  of  all  such  spoiled  certificates  on  Abstract  A 
ut  the  close  of  each  day  and  transmit  the  sj)oileil  certi- 
ficates with  his  next  monthly  report. 

2.  If  an  error  is  found  in  a  certificate  after  issue,  tho    En-ors in ismichi 
depositor  should  be  ref|uested  to  leave  the  certificate  at 

the  depository  office,  and  the  postmaster  shall  forward 
it  to  the  Tliird  Assistant  Postmaster  General,  Division 
«)f  I'ostnl  Savings,  with  a  detailed  descrij>tion  of  the 
error  made  and  the  correction  desired.  The  i)ost master 
shall  issue  u  receipt,  Form  PS  305,  in  dupli<ate,  for  the 
c<'rtificate.  give  the  original  to  the  depositor,  and  place 
the  duplinite  as  a  memorandum  in  an  envelope  next  to 
the  depositors  c^ird.  Form  PS  600.  If  neces.sary,  the 
Thin!  Assistant  Postmaster  General  will  stamp  the  cer- 
tificate 'Spoiled"  and  issue  and  fonvard  to  the  post- 
master a  new  <-ertificate  bearing  tho  same  serial  number, 
which  he  shall  deliver  to  the  depositor  after  destroying 
both  the  original  receipt  returned  by  the  depositor  and 
the  retained  dupli<ate.  Tho  spoiled  certificate  having 
been  already  eivtered  on  the  dejiositor's  c^ird,  the  post- 
mast«'r  shall  make  no  new  entry  of  the  certificate  issued 
in  lieu  (»f  it,  but  shall  make  such  c/)rrc<'tions  as  may  be 
nec«>ssary  by  <lrawing  liios  thrt>ugh  the  err<nieous  entries 
and  interlining  the  <-orrc«t  entries  immediately  above. 

3.  In  case  of  error  in  making  an  entry  in  any  i)ost«l    Krrors  in  r*<v 
savings  reconl  of  his  oHice,  the  postmaster  shall  draw  a 

13 


§1275,  §1276      POSTAL  laws  and  regulations. 

line  through  the  entry  and  initial  it.     The  correct  entry 
shall  then  be  made  on  the  line  immediately  below,  or 
if  subsequent  entries  have  been   made,   by  mterhnmg 
immediately  above  the  erroneous  entry. 
coSit^c^eSt.^'^'     4.  If  the  postmaster  discovers  an  eiTor  after  he  has 
rendered  his  monthly  Account  Current  which  in  any  way 
affects  its  accuracy,  he  shall  report  the  facts  immediately 
to  the  Third  Assistant  Postmaster  General,  Division  of 
Postal  Savings. 
chSSges^to^cer-     ^'    '^^^     postmastev     shall,     under    no    circumstances, 
o^T  without  ^au-^^^^-^^  ^*  Aerem  provided,   erase   or  change  an  entry  on 
thority.  ^jiy  postal   saviugs   certificate,   or  in   any  postal  savings 

record,  without  authority  from  the  Third  Assistant  Post- 
master General. 

VIII.  Certificates  Lost,  Stolen,  or  Destroyed. 
Appiirationfor      Sec.  1276.  When  notified  by  a  depositor  that  his  cer- 

reissue,  Form  PS  •  ^  ^ 

607.  tmcate  or  certificates  have  been  lost,  stolen,  destroyed,  or 

improperly  withheld,  the  postmaster  shall  furnish  an 
apphcation  (Form  PS  607)  for  a  certificate  or  certificates 
in  lieu  thereof,  and  on  its  return  properly  executed  shall 
forward  it  to  the  Third  Assistant  Postmaster  General, 
Division  of  Postal  Savings.  The  apphcation  shall  be 
noted  on  a  memorandum  slip  (Form  PS  306)  and  the  slip 
filed  in  an  envelope  next  to  the  depositor's  card,  Form  PS 
600. 

tificat?"^  °^  ^"'  ^'  ^^  ^^  ^^  deemed  proper,  a  new  certificate  of  the  same 
denomination,  date,  and  number,  but  chstinguishable 
from  the  original,  will  be  issued  by  the  Third  Assistant 

—  entry  on  de- Postmaster  General  and  forwarded  to  the  postmaster, 

T)  O'^it  or 's        cfirci 

rormpseoo.     'who  will  write  the  word  "Reissued"  after  the  entry  of 

issue  on  the  depositor's  card  Form  PS  600,  destroy  the 

memorandum  shp  (Form  PS  306),  and  dehver  the  new 

certificate  to  the  depositor. 

catl^eported'^iSt     ^-  ^^'  after  a  new  certificate  has  been  issued  to  replace 

IS  found.  Qj^g  ]Qg^^  ^^Q  depositor  reports  that  he  has  found  the  first 

one,  the  postmaster  shall  instruct  him  to  surrender  the 

old  certificate,  which  is  void,  and  shall  forward  it  to  the 

Third  Assistant  Postmaster  General,  Division  of  Postal 

Savings,  with  a  statement  of  the  facts. 

depofitOT^s^certM-      "*•  ^^^^  ^  postmastcr  is  notified  of  the  loss  or  de- 

^^^^-  struction  of  a  certificate  or  certificates  issued  to  a  depositor 

who  has  since  died  or  become  mentally  incompetent,  the 

provisions  of  section  1283  should  be  comphed  with  in 

conjunction  with  this  section. 

14 


Ni>TE. — liuiilcH  roceiviuR  dojKwiti^  of  jHwtal  p;ivinj,'H  fiiiidH  are  rciiuiriMl  UpftTcnce  I 
toMualifv  for  that  pun)ow  in  lUHKrilance  with  the  rt'eulatioiis  atli>i>ti'd  V.'^"' .'''"'J'' V,('*^ 
bv  tlu"  Ivtaru  of  1  ruHtei-rt  of  tno  ros<tal  SaviiiL's  System  under  autliurity  ti.i.s 


TlTl.K    I\        I'OSIAI.    S.\Vl.Ni;S    SVSTKM.  §i-^7 

IX.  Deposit  or  l*'r\i>s  i\    Bwks. 
(a)  Deposits  and  chichi  luj  end  it. 

Sec.  1277.  Pwtal  savinicM    fundrt    »     ♦      »     nhall  In-  depoeited  in     Dl«p.)sU^       in 
solvent  liankj».  whetlier  orv'anized  under  national  or  Slate  lawH,     *    •   «^ 
beint:t<iil)ie«t  to  nationiil  orStatesupiTvi.sionand  examination,     •    «    «   ,'"'''•   ■'"'"'„ '^• 
The  hoiinl  of  truHlei>s  .shall  take  from  sueh  hankn  HUi-h  Hecurity  in  ])uhlic  Stut.,  siu. 
bombt  or  other  sivuritieti,  authorized  hy  act  of  t'onj^resw  or  HUi)|)<>rted     luui,    May    is, 
by  the  taxing  power,  u«  the  board  may  prescribe,  approve,  and  Jt-^m  ^'*^'^''®'''*''-'*^* 
Butriticiit  and  nect-Sijar)'  to  injure  the  safi'ty  and  prompt  payment  of 
such  depo(iitt*  on  demand. 

2.  The  fuiuls  re«-eived  at  the  postal  sftvinpa  depositorj'  offires  in  each 
city,  town,  villapc.  and  other  locality  shall  bo  deposited  in  banks 
loi-ateil  therein  («ub.Mtantially  in  proportion  to  the  capital  ami  Hurplua 
of  each  such  bank)  willini;  to  receive  hucIi  deposits  under  the  terms  of 
tills  act  and  the  regulations  nnule  by  authority  thereof:  I'ror'nhd,  how- 
ever. If  one  or  more  member  banks  of  the  l\-deral  Reserve  System  ostab- 
linlied  by  the  act  approved  l)eceml>er  _':>,  I'.MIi,  exists  in  the  city,  town, 
village,  or  lixality  where  the  postal  savings  deposits  are  matle,  such 
dep«ieit.s  .shall  be  placed  in  such  cpialilied  member  banks  *  *  *^  but 
if  su«-h  member  banks  fail  tocjualify  to  receive  such  deposits,  then  any 
other  bank  hnate*!  therein  may,  as  hereinbefore  provided,  qualify 
and  receive  the  same. 

to 
tho 
rms- 
ngs  System  under  authority  tees. 

oi  the  {KJtital  savings  act  of  June  2b,  1910,  as  amemled  May  IS,  litK). 

>.    If  one  or  more  local  hanks  have  cjualifuHl   under    »'i»'i"<t<>»>«ii(^ 

1  |i(>siteu  daily. 

the  law,   tho   postina-stcr  shall  deposit  each  day   to  the 

credit  of  the  Board  of  Trustees,  Postal  Savin<^  System, 

all  postal  savings  funds  amounting  to  $10  or  nioro  on 

hand  at  tho  closo  of  hiisiness  on   tho  preceding  husincss 

day,  unless  tiio  amount  used  in  tho  meantime^  t(»  moot 

withdrawals  has  retluced  such  halanco  to  loss  tlian  $10. 

No  deposit  of  less  than  $10  shall  ho  mailo,  antl  anv  less    ^  •  "■ 

amoimt  shall  ho  retained  hv  tho  postmaster  as  casii  on-  °' 

haiul,  o.xcopt  on  tho  2rith  day  of  oacli  month,  when  all 

<asli  on   lumd  shall   he   deposited.      If  on   anv   dav   tho    n.-:ivy  r«<«!ipts 

receipts    are    unusually    lieavy,    the    postmast<'r,    in    liis>-""« Jay. 

discretion,  may  deposit  all  or  a  i)art  of  thi^  funds  on  tho 

same  <lay   they   are   recoivo*!.     llo  will   ho  informe<l   hy 

tho  ThinI  A.ssistant  PostmastiT  General  which  hanks  have 

(pialitied  for  deposits  and  wliat  ))roportion  and   amount 

under   the   law   shall   he   dej>osile(l    in   each   l)ank.      P'or 

oarh  deposit  tlio  postmiLster  will  rocoivo  from  tho  hank  a    tvnincntM    of 

II-  i'  ft  !•.  1%.  ».»     i!r|H»iit.  Form  rS 

•  iuplicato   certilicato   of  deposit   on    I'orm    1.^  400.     No*"- 
deposit  shall  ho  made  to  tho  ofFuMal  criHlit  of  an}'  post- 
master.    (Soo  pars.  8  and  U  of  this  .section  as  to  record 
of  hank  deposits.) 

15 


§1277  .     POSTAL    LAWS   AXD   REGULATIONS. 

morTthi.r'^check^-     4-  To    provide    foi'    meeting    withdrawals    when    the 
(ttfe  ba^*^ '^'^^'^  ^^  ^^^^^^^  receipts  are  insufficient,  the  postmaster  will  be 
authorized  to  draw  checks  on  a  designated  bank  to  a 
specified   amount  m   any   calendar  month   against   the 
funds  on  deposit  therein  to  the  credit  of  the  Board  of 
-^^°|eshare_ of  Trustees.     The  postmaster  will  be  instructed  to  deposit 
amount "^^  ^  ^^^  ^^  ^^®  bank  so  designated  an  amoimt  equal  to  the  monthly 
checking  credit  before  making  a  deposit  in  any  other 
bank.     Where  two  or  more  banks  have  qualified,  the 
postmaster,  after  making  a  withdrawal  from  the  desig- 
nated bank,  shall  restore  the  amount  to  that  bank  before 
apportioning  additional  fmids  among  the  several  banks. 
The  oheckmg  credit  bank  is  entitled  to  hold  at  all  times 
the  amount  of  the  monthly  checking  credit  in  addition 
to  its  regular  share  of  the  deposits. 
crS^'is^iifsuffi?     ^-   Should  the  amount  specified  as  the  checking  credit 
cient.  of  the  postmastcr  be  insufiicient  to  meet  withdrawals  at 

any  time,  he  shall  comply  with  the  provisions  of  section 
1280,  paragraph  6.  In  determining  the  amoimt  of 
unused  credit  the  postmaster  should  be  governed  by 
the  dates  of  checks  drawn  and  not  the  dates  of  payment. 
Checks  signed  The  postmastcr  may  authorize  his  assistant  or  one  or 

by    postmaster's  f  t  •        i      i  i  ii-i-i  •• 

representative,    niorc  of  his  clcrks  to  draw  checks  m  his  absence,  signmg 

the  postmaster's  name,  per (the  signature  of  the 

person  so  authorized),  givuig  proper  notice  to  the  bank 

of  each  such  authorization,  but  he  will  be  liable  on  his 

official  bond  for  the  amount  of  all  checks  signed  by  such 

authorized  representatives. 

ciiecks      and      g,  Wheii  a  check  or  transfer  draft  is  received  by  a  post- 
transfer  drafts  re-  .  /^  1  c 
ceived from  Third  uiaster  from  the  Third  Assistant  Postmaster  General  for 

Assistant      Post- 
master General,  deposit  as  postal  savings  funds,  the  amount  shall  be  taken 

up  on  line  8  of  the  Daily  Summary  (Form  PS  708)  and  the 
Accomit  Current  (Form  PS  704)  as  "Received  from 
Department  by  check  (or  transfer  draft)  No.  (A  or  B) 

."     The  check  or  draft  shall  be  properly  indorsed 

and  deposited  in  bank  to  the  credit  of  the  Board  of  Trus- 
tees in  the  usual  manner.  If  the  margin  between  the 
balances  already  held  by  the  local  qualified  bank  or  banks 
and  the  maximum  balances  which  they  are  authorized  to 
receive  is  not  sufficient  to  permit  the  deposit  of  the 
amount  involved  the  postmaster  shall  make  no  entries 
in  his  records  but  shall  return  the  check  or  draft  at  once 
without  indorsement  to  the  Third  Assistant  Postmaster 
General,  Division  of  Postal  Savings. 

16 


TITLK    IX POSTAL   SAVINGS   SYSTEM.  §1277 

7.  Tlio  postmnsttT  should  ])n)curo  a  su])j)ly  of  «l<'I><>J^it^,/,]7,'unk  ci.oi'i's 
slij)s  from  tho  <U>j)osilorv  Imiik  or  Ijiinks  and  a  suj)j)ly  <»f  {"oJ buiik!'"^""** 
blank  iliccks  from  tlu>  hank  on  wliicli  lu>  ^\  ill  clu'tk  to 
moot  withdrawals.     Chroks  shall  ho  drawn  suhstantially 

in   thi>  following  form:     ''Pay  to  Postmaster  at 

from  ]>ostal  savings  funtls di)lhirs." 

(6)   Postrnastrrs  ricord  of  hank  (hpo.snt<i. 
S.    riu'  amount  of  oacli  hank  (h'posit  shall  ho  ontorod  in  ,  '"•"'fy  ,"''"'"'' 

^  deposits  ill  Dally 

tho  Daily  Summarj',  Form  PS  708,  for  tho  day  on  whi(  h  itS"n"nafy- 
is  actually  ih'])ositod,  and  tlu"'  cortilioatc  of  «k'])osit 
roi-oivod  from  tho  hank  shouLl  also  ])oar  that  dato,  oxco])t 
wlun  tho  postmastor  makos  <k'posits  after  llio  hooks  of 
tho  hank  havo  hoon  olosod  for  tho  (hiy,  in  which  case  hotli 
tho  j)»»>t master's  entry  an<l  the  hank  certilicato  of  (h']>osit 
shall  hear  tho  <lttto  of  tho  following  working  day. 

«).  Tho  «hiplicat<^  certificates  of  <h'posit,  Form  PS  4()(),  ^^J^^;;^,*^  °{/''^j;|'. 
issutsl  hy  hanks  sluiU  he  lile<l  l)y  tlu'  postmaster  in  on  vol-. ',;']';''«'•  *■'"""  ^'^ 
opos,  Form  PS  317.  on  whicli  ho  shall  keep  a  record  of  tho 
amoimt  on  dopiisit  in  each  ])ank.     Thv  postmastor  will 
hi'  inlormed  as  to  tho  maxinnnn  amount  of  fun<ls  each    Uocord  of  max- 

11-  .1-1.  Ill  111  .  1       i'liiiiii        biiliiiice 

bank  is  authorized  to  receive,  which  ho  shall  note  on  the  bunk  may  hold. 

♦'nvolope  Form  PS  1^17  used  for  that  bank,  and  ho  shall 

under  lu)   circumstances  (U'])osit  any  sum  wliich  would 

cause  the  bank's  balance  to  exceed  such  amount.     On 

making  any  deposit  or  withdrawal  or  on  receiving  notice 

()f  any  de])osit  t)r  withdrawal  by  tho  Board  of  Trustees, 

tlio  postmaster  shall   make   the  necessary  entry  in  his 

record,  Form  PS  :n7,  to  show  tho  correct  balance  in  tho 

hank.     \Mion  tlie  doi)osits  in  anv  hank  reach  7")  l)er  cent    ^^'•'^n  doposita 

-.•  •■ina    bank    ap- 

of  the  ma.ximiim  amount  autlionze<i,  tho  postmastor  shall  i'r'«<''> maximum 

I-  1       1      •  1        I-  1  •  <i     1        1  I    '"'">''^'    I'fp^'rl- 

immo(liat«'lv  bring  tho  facts  to  t!i(»  attention  of  tho  bank'""'"'  to  ^  """■ 

.  flp'i. 

and  submit   to  tho  Third  Assistant   Postmast«'r  (nMioral, 

Division  <»f  Postal  Savings,  a  recommendation  as  to  tho 

amount  of  ad<litional  .s<M-urities  which  should  bo  ro(|uir(Ml 

from    tho    bank.      Immo4liat«'lv    f«dlowing    Jum«    'Ai)    ami    Knf^-v    <>(    in- 

•11  Usrcstcredltwl  by 

De<'omber  .'i  1  of  each  year  the  j)ostmaster  will  ascertain  »>iink.i. 
from  eacli  l)ank  tin*  amount  of  interest  cro<lit<Ml  by  it  to 
tin*  Hoard  of  Trustoos  and  <'ntor  this  ad<lition  to  the  l)ank's 
balance  on  his  Form  PS  :i\7.  Ilio  audittnl  figures  will  i)o 
fumishoii  later  by  tho  Tliird  .V.ssistant  Postmastor  (Ion- 
oral.     Tlio  postmastor  will  from  time  \o  time  verifv  the    k,*«?'1  »«>.  ** 

'  1       /•   1  1       1  1  '  verlflod  from 

accuracy  of  his  record  of  bank  <lojH>sitrt  by  checking  t]ie'^>'''»*i*'«™«"'- 
same    with    tlio    bank's    statement    for    tho    purpose    of 

101473**— 17 3  17 


§1277,  §1278         POSTAL   LAWS  AND  REGULATIONS. 

nii!m ^baian^e^ln  ^^^*^^^^^S  ^^7  differences  that  may  exist.     When  the 

reychecf  °Depa/t-P'^st^^^^^^  ^^^®  deposited  the  maximum  amount  author- 

mcnt  to  be  noti-  J2ed  f OF  all  local  qualified  banks  he  shall  notify  the  Third 

Assistant  Postmaster  General,  Division  of  Postal  Savings, 

and  dispose  of  his  surplus  receipts  as  provided  by  section 

1279,  paragrapiis  8  and  9. 

X.  Apportionment  of  Bank  Deposits. 

Sec.  1278.  Where  more  than  one  bank  has  qualified  to 
w£lnsu\w^^^o  receive  postal  savings  funds  from  the  same  depository 
positTkf\wo*OT  office,  the  postmaster  shall  make  deposits  in  such  quali- 
luore  banks.  gg j  banks  ui  accordauce  with  instructions  from  the  Third 
Assistant  Postmaster  General  as  to  the  percentage  of 
deposits  to  which  each  bank  is  entitled. 
sene^the^appo?-  ^'  '^^®  postmaster  shall  ordinarily  deposit  funds  in  only 
tionment.  qj^q  bank  each  day,  and  shall  make  deposits  in  the  sev- 

eral banks  in  such  rotation  and  amounts  as  will  keep  the 
total  deposits  in  each  bank  at  substantially  the  propor- 
tion to  which  it  is  entitled.  For  example,  if  there  are 
two  qualified  banks  each  of  which  is  entitled  to  50  per 
cent  of  the  postal  savings  funds,  deposits  shall  be  so  alter- 
nated between  the  two  banks  as  to  give  each  bank  ap- 
proximately one-half.  Thus,  if  the  postmaster  deposits 
$200  in  the  first  bank  on  one  day  and  $100  in  the  second 
bank  on  the  succeeding  day,  he  should  make  suflB.cient 
additional  deposits  in  the  second  bank  to  bring  its  bal- 
ance to  approximately  $200  before  making  any  further 
deposit  in  the  first  bank.  He  should  be  careful  to  pre- 
serve as  nearly  as  practicable  the  proportion  to  which 
each  bank  is  entitled;  and  if  on  any  day  the  receipts  are 
unusually  heavy  the  postmaster  may  depart  from  the 
usual  procedure  and  make  deposits  in  aU  qualified  banks 
on  the  same  day  in  the  respective  proportions  to  which 
each  is  entitled. 
When  addi-  3 .  After  the  first  apportionment  of  funds  has  been  made 
qualify.  to  the  bauks  in  any  locality,  additional  banks  may  qualify, 

to  take  effect  on  the  1st  day  of  January,  April,  July,  or 
October,  in  accordance  with  the  regulations  adopted  by 
the  Board  of  Trustees.  When  additional  banks  so  quahfy 
as  depositories  the  postmaster  will  be  instructed  in  re- 
nSnf appifes on?y  g^rd  to  the  reapportionment  of  deposits.  Each  such  re- 
*K)siLs?"^°'^  ^^'  apportionment  will  apply  only  to  current  funds  available 
for  deposit  on  and  after  the  date  when  the  additional 


18 


TITLE    IX — POSTAL   SAVINGS   SYSTEM.     §1278,  §1279 

bai\ks  ([ualify  mul  docs  not  aircct  fiiiuls  previously  np- 
portioiicd  and  dcpositiMl.  'V\\o  pos(inasl(>r  iiuist  tlnTc- 
foiT  not  place  with  a  now  hank  more  than  its  jmojxm' share 
of  the  current  funds,  shico  it  is  not  entitled  to  j)articipato 
in  funds  j)reviously  apjiortioiUMl  to  other  ])anks. 

4.  The  Third  Assistant  i'ostniaster  Cloneral  will,  froni,,,,|JJ;^;V"nont°' 
time  to  time,  review  the  apportionment  of  postal  savinj^s 
funds  amon}^  de[>ositorv  hanks  and  will  take  or  authorize 
such  action  as  may  he  necessary  to  correct  any  departure 
from  the  proper  apportionment  of  deposits. 

.').  The   postmaster  shall    inform    the  Third    Assistant    Postmaster  to 

T»  /I  1      I  V     ••  f    11  ^    ^'        ■  f  report  cluiiiKCN  In 

rostnuister  ueneral,   iJivision  oi   1  ostal  Savm<^,  oi  anystum.s  of  dcposi- 

chanjje  m  the  amount  of  capital  or  surphis  of  a  qualilied 

bank,  or  of  the  suspension  of  business  by  any  bank  in 

which  he  has  deposited  postal  savin«]^  funds,     lie  shall 

also  report  any  change  in  the  corporate  name  of  any  such 

bank  or  its  aiuiounced  mer<;(>r  with  any  other  institution. 

Xi.    IvEMrnixc.  Postmasters. 

(a)  Offices  without  local  depository  banks. 

Sec.  1279.    If  no    *    *    *    qualifiod  hank  exists  in  any  city,    Whemnobank 

town,  village,  or  other  locality,  or  if  none  where  such  deposita  are  made  ''"'m/'juno  as, 

will  receive  such  depotuts  on  the  terma  prescribed,  then  such  funds  c*?i****!',f^'- •■  ^ 

dhall  be  depoKited  under  the  ternw  of  thi.'<  a<t  in  the  bank  mo«t  con-    iuir>.    Mav    ih, 
11        r.  sec.  2;    30   Slat., 

vt'Uient  to  such  loeauty.  159 

_'.  If  no  local  bank  has  (pialilicd  for  deposits,  the(J,'^.'J>',„  "IJ^,'^ 
po^tnitister  will  be  directed  to  make  dailv  remit tanci^s""**'' P*f.^  <""'* 
by  re^istert'il  mail  (see  pars.  15  and  7  of  this  section)  to 
the  postmaster  at  a  designated  post  oflice  where  one  or 
mor.'  banks  have  rjualilied.  The  Third  Assistant  l'ost-jj^^^"i[,l|J*P*»- 
ma>ter  Genend,  may.  as  a  matter  of  convenience,  (h>sig- 
nate  one  or  more  central  depository  ofllccs  for  each  State 
or  Territory  to  which  the  ]>ostmasters  in  such  State  or 
Territory  having  no  h»cal  cjualilicd  banks  will  remit  their 
postal  sa\'ings  receipts  and  fr<>in  wliich  they  will  obtain 
futuls  to  meet  withdrawals  by  (lcposit(»rs  (st-e  sec.  IJSO), 
the  net  gain  in  de|K)sits  for  each  such  remit  ting  post  oflice 
to  Ix' later  transferred  at  convenient  interv'ids  by  drafts  of 
the  Third  Assistant  Postmaster  General  for  dejxisit  as 
HMiuired  by  the  law  in  the  qualilied  bank  or  banks  most 
convenient  to  the  point  where  the  deposits  originated. 

•S.  Xo  remittance  f»f  postal  savings  funds  of  le>s  than  ^~  '  "'\" 
$10  shall  be  made  for  deposit  except  on  the  1.')th  <lay  of^,;  ^  ^  "* 
each  month,  when  all  cash  on  hand  shall  be  remitted. 

19 


§1279  POSTAL  LAWS  AND  EEGULATIONS. 

Remittancesre-      4.  The  postmaster  to  wliom  postal  savings  funds  are 

ceipted     for     by  in-  •     ,     •       ,    '    t       ,  t-T  -r>o 

central  deposi-sent  snaii  issue  a  receipt  m  triplicate  on  rorm  _r!S  313 
313.  for    each   remittance,    the    duplicate    to    be   forwarded 

immediately  to  the  remitting  postmaster,  the  triphcate 
filed,  and  the  originals  of  all  such  receipts  forwarded  to 
the  Third  Assistant  Postmaster  General,  Division  of 
Postal  Savings,  promptly  by  registered  mail  after  the 
close  of  business  on  the  last  day  of  each  month.  (See 
sec.  1280,  par.  14,  as  to  other  vouchers.)     The  amounts 

—  entered  in  rec- received  shall  be  debited  in  the  Daily  Summary,  Form  PS 

ords    and  depos-  -iici-iii'ii  i  •  i 

itedinbank.  708,  and  the  mnds  included  w^th  the  next  deposit  to  the 
credit  of  the  Board  of  Ti'ustees.  Similar  entries  shall 
be  made  on  the  next  monthly  Account  Cm-rent,  Form  PS 

—  used  to  meet  704.     The  postmastcr  may  use  such  funds  to  meet  mth- 

wlthdrawals.  ,  i     i         i  • ,  ,    i'  •  rr 

di'awals  by  depositors  at  his  ovm  omce. 

—  entered  by  re-  5.  The  amount  of  fuuds  remitted  shall  be  credited  by 
master  in  records  the  remitting  postmaster  in  his  Daily  Summary,  Form 
an  repor  s.        pg  ^^^^  ^^^  ^^^  ^^^^  ^^  remittance.     The  total  of  such 

remittances  during  each  month  shall  be  shown  as  a  credit 
entry  on  the  monthly  Account  Current,  Form  PS  704,  and 
the  date,  amoimt,  and  receipt  number  of  each  such  remit- 
tance shall  be  entered  in  Abstract  C  on  the  back  of  said 
— nottodeiay  Ac-  f  oiTu.     The  monthly  Account  Current  shall  not  be  delaved 

count  Current.  .  -p^^ 

because  all  receipts  on  b  orm  rS  313  covering  remittances 
during  the  month  have  not  been  received,  but  the  report 
shall  be  forwarded  promptly  at  the  close  of  the  month 
and  the  numbers  of  the  missing  receipts  omitted. 

—  accompanied      6.  All  remittances   of  postal  savings  funds   to   other 

DV  letter  of  trSiUS"  ^^ 

niittai,  Form  PS  post  oflSccs  f  or  dcposit  shall  be  accompanied  by  a  letter 
of  transmittal  (Form  PS  314).     If  the  remittance  includes 

—  dispatched  by  cmTcncy  or  coiQ  it  shall  be  made  by  registered  mail  and 
regis  ere  mai .    gj^^jj  -^^  prepared  aiid  dispatched  in  the  manner  required 

by  section  371  for  remittance  of  postal  fmids. 

—  by  checks  or     7.  The  postmaster  may  make  remittances  at  his  own 

risk  and  expense  by  means  of  checks  or  drafts  on  National 
or  State  banks  if  negotiable  at  par  without  delay,  provided 
that  a  postmaster's  personal  check  shall  not  be  used  or 
accepted  for  this  purpose. 

(b)  Surplus  funds  of  hanking  'postmasters. 
When      local     8.  When   a  postmaster  who  has   been  depositing  in 

banks    have    no,         .  ^  ci  •       t  i  •.       •  ^ 

margin,  funds  to  local  baiiks  has  no  im'ther  margin  for  deposits  m  such 
central    deposi- banks,  he  shall  remit  his  surplus  receipts  daily  to  the 

torv  office.  '  r  r  j 


20 


TITLE    IX — POSTAL    SAVINCS   SYSTKM.     J^127'J,    §1280 

cent n J  depository  ofTirc  in  liis  Sttito  dosiijnuttHl  hy  tho 
Tliird  Assistant  Postinjustcr  GtMicrid.  In  injikinj^  such 
remit ttuu'c»s  the  })ri)cetlnro  set  forth  in  the  ]>re<(Mlin<i; 
para«rriii)]is  «»f  tliis  seetion  sliall  bo  followed.     The  post-— P"stmu.stcr 

'  .„  .  \         ■       f         1  •    1     1  ,     CJiiitliuiliiK         to 

master  will  eontume  to  obtani  funds  to  niei't  withdrawals''"'''    •"'    't«»i 

biuik. 

in  oxeess  of  his  enrrent  receipts  ])y  eheekin<^  on  his  local 
hank  desit^nated  for  that  ])uq)ose  and  will  replac«>  fioni 
his  next  receii)tvS  any  withdrawals  thus  made  which 
reduce  tho  bank's  balance  below  tlu>  authorized  iiiaxi- 
luuin.  The  ])ostniaster  is  not  autlu)ri/,ed  to  draw  a«;ainst 
tlu'  central  de]>ository  ])ostnia.st(>r  for  any  of  the  funds 
remitted  by  him,  but  a  record  of  sucli  remitted  funds 
will  be  nuiintaini>d  by  the  Third  Assistant  Postnuister 
CiiMU'ral,  Division  of  Postal  Savings,  aiul  the  amount  in- 
volved will  be  subscfiuentlv  returned  for  deposit  in  his    Rotum  of  ro- 

1  11  .  I  1     '    I       •?     1  •        1        1  1-    •  1  '"'Ue<l  funds  by 

local  (le])ository  hank  or  hanks  if  the  re(|Uired  additional  i^t^partment. 
secMirity  is  fiirnisiied,  othenvise  the  fuiuls  will  bo  trans- 
ferred for  de])osit  in  the  (|ualili(Hl  banks  most  convenient 
to  the  locality,  as  in  tho  cjise  of  de])osits  at  oflicc-s  whi<  h 
have  no  local  (jualifiod  banks. 

9.  Postmasters    at   central   de])ository   ofliccs   will    be    siu-pius  fumis 
spociidly  instnicted  by  the  Third  Assistant  Postmu;storiior>  onices. 
General  us  to  the  dis])osition  of  suqdus  funds. 

XII.    \VlTni)RAWAI,S. 

{<i  '    In  tji  lu  ml. 

Sec.  1280.    Any  «l<'|)t«!*iti>r  may  withtlraw  tho  whole  or  :iii\    jiiirc     >Mth.iran»i  of 

of  tho  iniuU  driMwitod  to  hia  or  hiT  erc<lil,  with  the  acrniod  in(««n'.«l,  J'^'pifs'ijC"*  '"''^ 

iiix)!]  di-inaixl  and  iiiulor  Hiich  n*>ruhitii)iiH  a.H  th<>  boiifd  <>t  lni^to«'.M  mav     ''^"•.   J""*"   ~>. 
•  1  ..  .../.,.  .   •    •  1  .      •  '  ch.  av>.  sec. »,  3<J 

pn-.«Mnl»o.     (St>o    8t»r.    lIG'j,    cuntaiiuiiL;   aui<-iidtiiciU    corUerniii?  upon  suii.,  MC. 

tho  I'o«tma/<tor  (Jeneral  authority  to  inako  such  rogiilations.) 

J.  To  withdraw  tho  whole  or  anv  i)art  of  tho  funds    n'-i-o^it'T mast 

'  Mirrtii.lcr  ill- 

deposited  to  his  credit,  witii  the  interest  oavable  thereon,  •'•"^,"1    ccriif- 

tho  depositor  shall  surrender  at  his  de])ository  otrico 
]iostal  savini^  ccrtifn-ates,  ]u-operly  indorsed,  covering 
tho  anu)unt  of  tho  dtisired  withdrawal. 

:\.  Withdrawal.'*  .nhall  ho  pai«l  from  tho  <lfptiHita  in  tho  State  or  Terri-     witlwirawnis 
tor>-.  HO  far  tut  tho  jx^tal  fund.n  on  dopoHit  in  mich   State  or  Territor>-  {I?,\,')\'!|'  '^Ti'h'ln 
may  b<»  fniflTiriont  for  tho  purptwo,  and,  m  iar  aa  |)ractiral)l<',  fn>m  tho'"*'''!"'; 
dopojit."*  in  th*-  n)mmuiiity  in  whiih  the  dfjMxit  wjw  iiuule.  r!  v  3« 

I.   Postmasters  are  authorized  to  meet  wit htirawals  bv  -  ■•>ta 

ilepositors,  includmg  both  pnncipju  and  nitorest  due, 
out  of  daily  ]M)stal  savings  receipts. 


§1280  POSTAL  LAWS  A^T>  REGULATIONS. 

(b)    Withdrawals  hy  hanking  postmasters. 

Checks  on  local      5.  When  Sufficient  funds   are  not  on  hand    to   meet 
withdrawals  a  postmaster  who  deposits  in  a  local  bank 
shall  draw  his  official  check  on  the  bank  designated  for 
that  purpose,  as  provided  in  section  1277,  paragraph  4. 
Such  checks  shall  be  drawn  only  when  absolutely  neces- 
sary and  for  the  sole  purjjose  specified,  and  shall  be  made 
—payable  to  post- payable  to  the  postmaster  or  his  authorized  representa- 
tive.    They  shall  not  he  made  payahle  to  depositors  nor 
—  cashed  from  delivered  to  them.     When  required  to  meet  withdrawals 
vo^ll  "funds  or  after  banking  hours,  such  checks  may  be  cashed  from 

through  business  -,  jij?i  i  ij?i  , 

houses.  money-order  or  postal  funds,  or,  when  such  funds  are  not 

available,    thi'ough    local   busmess   houses,    if    accepted 

without  charge  for  exchange.     (See  par.  8  of  this  section.) 

When  checking     6.  Should  the  amouut  specified  as  the  checking  credit 

credit  is   insuflB-     p    ,-\  ,  j.i_-£n-j.j.  j.-  j_  j 

eient.  ol  the  postmastcr  be  msulncient  at  any  time  to  meet 

withdrawals  by  depositors,  the  postmaster  shall  report 
the  facts  to  the  Third  Assistant  Postmaster  General, 
Division  of  Postal  Savings,  stating  the  amount  of  funds 
needed,  in  order  that  additional  credit  may  be  allowed. 
Use    of    tele- The   use  of   the   telegi'aph  shall  be   avoided   whenever 

^^^^'  possible,  and  depositors  should  be  encouraged  to  give 

advance  notice  of  contemplated  withdrawals.  When  it 
is  necessary  to  request  such  allowances  by  telegraph,  the 
postmaster  shall  use  the  code  word  "admerge,"  meanmg 
"To  meet  withdrawals  please  authorize  an  additional 
credit  of,"  so  that  a  request  for  an  additional  credit  of 
$200  will  read  "Admerge  two  hundred."  Postmasters 
will  be  charged  with  the  cost  of  unnecessary  words  in 
telegrams  not  complying  with  this  regulation.  Telegrams 
shall  be  sent  ''Collect,  Government  rate."  To  avoid  the 
cost  of  duphcate  telegrams  in  such  cases  the  postmaster 
shall  request  the  checking  credit  bank  to  notify  him  at 
once  on  receipt  of  the  authority. 
Entry  of  checks     7.  When  the  postmastcr  draws  a  check  against  his 

ports.  checking  credit,  he  shall  on  that  day  debit  the  amount  of 

the  check  on  the  fine  provided  m  his  Daily  Summary, 
Form  PS  708.  The  total  of  the  checks  drawn  during  each 
month  shall  be  shown  by  a  similar  debit  entry  on  the 
monthly  Accomit  CmTent,  Form  PS  704,  and  the  date, 
number,  and  amount  of  each  check  shaU  be  entered  on 
Abstract  D  on  the  back  of  said  form. 

mYne°y?o^r  d  e°r     8.  At  offices  where  the  cashing  of  several  postal  savings 

cOTeredVj^ashf- checks  out  of  postal  or  money-order  funds  on  the  same 

gle  check. 

22 


TITLE   IX — POSTAL   SAVINGS   SYSTKM.  §1280 

(lay  would  ])(>  lUMossary,  iiistciid  «)f  dniwing  such  cliocks 
11  toni|>()rary  inciuorundum  slip  fur  cnrh  trniisactioii  umy 
!)(>  placed  \\\{h  tlic  postal  or  inoiicv-ordcr  funds  and  a 
single  chock  on  tho  posUil  savings  credit  suhstitutcd  at  the 
closo  of  tiio  day  t<>  cover  tho  total  amount  involved. 
Such  cho<-ks  must  always  ])oar  tho  dato  of  tho  trans- 
actions covered. 

[(■)     Witlulniii'dls  hi/  rtntittiiKf  postmasters. 
•.».    In  order  to  <d)tain   funds   to   nu>et  withdrawals  of    Orafts  on  con- 

,  .  .  f  1   •       I     -1  tralilc|M)8ltory  of- 

pruicipal  or  uiterest  ni  exc<'ss  of  Ins  daily  receipts,  a  post- iico, Form  rsaio. 
master  who  has  no  local  depository  hank  and  who  remits 
funds  tt)  another  postmaster  for  deposit  shall  draw  drafts 
(Form  PS.SIG)  on  tho  pt)stmaster  to  whom  such  remit- 
tances aro  made  to  au  amount  not  to  cxco(hI  SI, ()()()  in  -  monthly  iimi- 

11  1  1  .  I  -        ■  .1  •  1   ttttioii. 

any  calendar  month,  unless  a  groator  credit  is  authorizod 
hy  tho  Third  Assistant  Postmaster  General.  Suhject  to 
this  monthly  limitation,  tho  postmaster  will  ho  authorized 
to  draw  agauist  his  depository  postmaster  to  any  amount 
needt^d  to  meet  withdrawals  of  deiX)sitoi's,  oven  though 
a  part  of  the  |)revious  j)ostal  savings  n'coipts  of  his  ollico 
may  hav(»  heeii  remitted  for  deposit  to  sonu>  other  oMico. 
Postal  savings  <lrafts  shall  not  he  drawn  for  any  purpose 
other  than  that  specified.  Any  postmast(>r  or  postal—  penalties  for 
omployoo  who  shall  knowuigly  draw  a  draft  in  excess  of 
tho  amount  authorized  nuiy  tlierohy  suhjcx-t  himself  to 
the  penalties  pr«)vid(Hl  in  section  I.')  of  tlu^  j)ostal  savings 
(S4*o  sec.  1717.  t  Should  tlu^  amount  specified  as 
the  j)ostma8tor's  monthly  credit  ho  insuHicieiit  at  any  —  whcnmonthiT 
tune  to  meet  Withdrawals,  the  1  liird  Assistant  1  ostmaslerciont. 
General  should  l)e  ro(jU«*st«'<l  to  authorize  additional  credit 
as  provide<l  in  paragraph  0  of  this  s<'ction.  In  <let<'r- 
niining  tiio  amount  of  unuse«l  credit  thi>  postmaster  shall 
ho  govornod  hy  tho  dates  of  drafts  drawn  and  not  th(^ 
dat«*s  of  payment. 

10.  When    re(juire<l    to    meet    witlulrawals    promptly,—   .>.!,.i   from 
postal  savings  draftvS  nuiy  ho  cashed  from  money  order  or'i  Z 
postal    funds   or,    when    su«-h    funds    aro    not    availahlo,  !,„u    .         "" 
through  l<»cal  hanks  «»r  husiiu'ss  houses,  if  accepte<l  with- 
out charge  for  exchange.      Th^y  shall  not  be  made  paijabU 

to  dtpi^s'xtnrs  unr  dilivirtd  to  thnn. 

1 1 .  WluMi  tho  postnuuster  draws  a  draft  (Fomi  1*8  .316)  ~,'^^^^^^ 
on  the  postmaster  to  whom  he  makes  remit tancj'S,  ho  shall 

on  that  day  dtd)it  tho  aniount  of  tho  draft  on  tho  lino  pro- 

23 


§1280  POSTAL   LAWS  AXD  REGULATIONS. 

vided  in  his  Daily  Summary,  Form  PS  708.  The  total  of 
the  drafts  drawn  during  each  month  shall  be  shown  by  a 
similar  debit  entry  on  the  monthly  Account  Current, 
Form  PS  704,  and  the  date,  number,  and  amount  of  each 
draft  shall  be  entered  m  Abstract  D  on  the  back  of  said 
form.  The  stubs  of  the  drafts  (Form  PS  316)  shall  be 
retained  on  file. 
Action  of  de-      12.  A  postmaster  to  whom  remittances  are  made,  on 

pository  office  on  ..  ic,  i-  i  i  •      i  ii 

drafts.  receivmg  a  drait  properly  signed  and  mdorsed  by  a  remit- 

ting postmaster,  shall  make  certain  that  the  amount  of 
the  draft  does  not  exceed  the  balance  of  the  postmaster's 
authorized  credit  remainmg  unused  for  the  month  in 

—  payment  from  which  the  draft  was  drawn.  The  depository  postmaster 
orbyuseo?check-shall  then  pay  the  draft  from  his  current  postal  savings 
"^  ^   ^ '  receipts,  or,  if  they  are  insufficient,  by  cashing  a  check 

on  his  designated  bank,  as  provided  in  paragraph  5  of 

—  when  received  this  sectioii.  If  the  draft  is  received  dhect  from  the 
ing  postmaster,    drawing  postmaster,  the  funds  shall  be  sent  by  return 

registered  mail,  accompanied  by  a  letter  of  transmittal  on 
Form  PS  319,  and  the  remittance  shall  be  prepared  and 
dispatched  in  the  manner  provided  in  section  371. 

—  when  credit  is      13.  When  any  draft  is  received  the  honoring  of  which 

would  cause  the  drawing  postmaster's  authorized  credit 
to  be  exceeded,  payment  shall  be  temporarily  withheld, 
and  the  Third  Assistant  Postmaster  General  shall  be 
immediately  notified  of  the  amount  by  which  the  monthl}'' 
credit  is  exceeded.  Wlien  such  an  overdraft  is  pre- 
sented for  payment  tlu'ough  banking  channels  and  prompt 
action  is  necessary  to  prevent  return  for  nonpayment, 
the  bank  should  be  requested  to  hold  the  draft  and  tele- 
graphic report  should  be  made  to  the  Third  Assistant 
Postmaster  General,  Division  of  Postal  Savings,  in  the 

following  form:    " (name  of  month)  drafts  — 

(name  of  post  ofiice)  exceed  credit dollars. "    On 

receipt  of  such  notice  the  Third  Assistant  Postmaster 
General  shall  immediately  instruct  the  postmaster  by 
telegraph  as  to  the  action  he  should  take.  To  reduce 
telegraph  charges  all  cases  of  overdraft  when  possible  shall 
be  handled  by  mail. 

—  entries  in  rec-      14.  When  a  postmastcr  pavs  drafts  drawn  by  other 

ords  and  reports.  i         i     n  i  i"  t       i  i 

postmasters  he  shall  on  that  day  credit  the  total  amount 
of  such  drafts  on  the  line  provided  in  his  Daily  Summary, 
Form  PS  708.  The  total  of  all  drafts  paid  during  each 
month  shall  be  shown  by  a  credit  entry  on  the  monthly 


24 


TITI.K    IX  —  POSTAL    SAVINCS    SVSTKM.      §1280,    §1'JS1 

Acootint  Oiirrciit  (l'\irm  I'S  704).  The  <ljifr.  luimlKT  and 
amount  of  oadi  draft  paid,  as  well  as  the  namr  of  tho 
drtiwinjj  odice,  slial'  he  fiitrrcd  in  Ahstract  E  (Form  I'S 
5110.  This  ahstract,  to^cth»>r  with  all  drafts  paid  and 
rcfoipts  issued  on  Form  PS  M'.]  (hn'in<;  the  month,  shall 
he  forwardeil  hy  rej^istero<l  mail  iJromptlN"  af(t>r  the  (lose 
of  husiness  on  the  last  day  of  the  month  to  (h(>  Third 
Assistant  Postmaster  (leneral.  Division  of  Postal  Savings, 
without  awaitini^  the  completion  of  the  monthly  Accdunt 
Current. 

XI II.   PvvMKN'r  or  ('KK'nnrATF.s  and  Interest. 
(a)  Pai/nunt  ttf  ctHlJinifis. 

Sec.   1281.    When    a  depositor  presents  a  <-<Ttiri('ale  f()r„f'";,'4"°™''°^ 
paynu'nt  of  the  prin(ij)al  ho  shall  indorse,  it  in  tho  presence 
of  the  postmaster  or  his  authorized  representative  and 
surrender  it. 

■J.    If  a  depositor  can  not  write  and  si^'ns  hy  mark,  his~'^>™'^''- 
name  shall  ho  WTitten   anil   attested  by  a  disiiitcreijted 
witness  in  the  following'  nnimuM': 

His 
John  X   l)o0 

Mark 

Richard  Koo 

\Vitness 

:\.   If  a  depositor  si<;ns  his  name  in  characters  not  used^t  °-»<i  u^Km- 
in    the    hinj^lisli   lan«jua«je    his   sij^miture   should    also    j)c  ' 
attested  by  a  disinten»st<>d  witnow. 

-I.  Neither  the  postnnister  nor  any  clerk  employed  oni^,^^!',",.""'''  '^' 
postal  savinj^  work  shall  act  as  witness,  hut  any  otlier 
employee  of  the  office  not  enpi«;<Mi  on  postal  savin<;s  work 
and  havinjjj  no  inter<>st  in   the  transa<'.tion  nniy  witn(»ss 
sif^naturesj   to   postal  savinj^   vouchers  and   chxunuMjts. 

.).  1  no  postmaster  shall  withdraw  from  the  files  tho<iciKBHor. 
dt'positor's  card,  Form  I'S  GOO,  and  see  that  tho  in<iorso- 
ment  corresponds  with  the  original  sij;nature  on  tho 
application  to  open  an  account  and  satisfy  himself  as 
to  tho  identity  of  the  depositor.  I'idess  tho  applicant 
for  paj'ment  is  personally  known  to  ho  tiie  tru<s  depositor, 
tho  postmaster  shall  ask  ti'st  quisti«)ns  as  to  all  persomil 
facts  shown  on  the  application  and  take  such  other  action 
as  may  he  netu'ssary  to  assure  himself  of  tho  depositor's 
identity. 

10li7:i<'— 17 4  25 


§1281  POSTAL  LAWS  AND  REGULATIONS. 

PajTnent.  6.  If  the  postmaster  after  complying  with  the  foregoing 

instructions  is  positive  that  the  claimant  is  the  depositor, 
and  if  the  certificate  bears  no  evidence  of  alteration  or 

Payment  with-  erasure,  and  corresponds  in  every  particular  with  the 
records  of  its  issue,  it  shall  be  paid,  together  with  all 
interest  due  thereon;  otherwise  payment  shall  be  with- 
held until  the  postmaster  is  satisfied  that  it  is  proper. 

—  and  facts  re-     7.  If  the  postmastcr  is  unable  to  satisfy  himself  as  to 
ment.  °   ^^^  the  propriety  of  any  payment,  he  should  transmit  the 

certificate  with  a  statement  of  the  facts  to  the  Thu'd 
Assistant  Postmaster  General,  Division  of  Postal  Sav- 
ings, after  giving  the  holder  a  receipt  on  Form  PS  305 
for  the  certificate  surrendered. 
Record  of  pay-  8.  Certificates  when  paid  shall  be  canceled  across  the 
face  with  the  special  ''Paid"  date  stamp  furnished  for 
the  purpose.  Payments  of  principal  shall  be  recorded 
— ^on  depositor's  on  the  depositor's  card.  Form  PS  600,  by  entering  on  the 
card  the  date  and  the  total  amount  of  the  withdrawal, 
noting  the  balance  remaming  to  the  credit  of  the  deposi- 
tor, and  entering  the  date  of  the  payment  opposite  the 

—  of  certificates  number  of  each  certificate  paid.     In  paying  certificates 
if  1917.^^ "'^^     ^issued  prior  to  July  1,  1917,  the  same  procedure  shall  be 

followed,  except  that  the  date  of  payment  shaU  be 
stamped  on  the  duplicate  certificate  and  the  same  filed 
m  the  depositor's  envelope.  Form  PS  300.  Depositors' 
cards  on  which  withdrawals  have  been  entered  shall  not 
be  returned  to  the  files  until  aU  accounts  for  the  day  are 
in  balance.  (As  to  interest  payments  see  par.  13  of  this 
section.) 

—  in   abstract,     9.  At  the  closB  of  sach  dav's  business  or  at  such  time 

Form  PS  706,  and   ,       .  ,  ,  ,  .  ^ 

Daily  Summary,  durmg  the  day  as  may  be  convenient  the  postmaster 
shall  enter  the  date  of  payment  and  serial  number  of  the 
certificates  paid  under  the  proper  denominations  in  the 
Abstract  of  Payments  (Form  PS  706)  and  carry  the  total 
amount  to  the  Daily  Summary  (Form  PS  708).  The 
entries  on  depositors'  cards  shall  be  proved  daily  by 
adding  the  withdrawals  made  during  the  day  and  com- 
paring the  total  with  the  total  withdrawals  shown  by  the 
Abstract  of  Payments,  Form  PS  706.  At  the  close  of  the 
month  the  Abstract  of  Payments,  Foitq  PS  706,  and  all 
paid  certificates,  properly  arranged  by  denominations, 
shall  be  forwarded  with  the  postmaster's  monthly  Ac- 
count Current. 


26 


TITLE    IX POSTAL   SAVIN(;S  SYSTEM.  §1281 

10.  When  a  (ltM)<>sitt»r  tlosiivs  to  w  itlidiaw  niih   ii  i)art     I'art   payment 

,     ,  -  ...  ,  ■  (if  iiTtmcatc. 

of  tho  aiiKuint  »>i  any  ctTtilicat*',  tho  postmaster,  on  j)r('- 
scritatioii  of  {\w  crit  ilicato,  pfoju'.rly  iiidoi-scd,  sluill  pay 
tlu'  amount  (It'maiultMl,  with  all  intorost  tlu'H  payal)l«>  on 
tlu'  full  amount  of  tln»  ('(M'tilicati*.  Il<>  sliall  stainj)  the 
oTtilicato  as  paid  and  issuo  a  nt»w  cert  ilicatr  or  crrtifi- 
cati'S  oovorinj;  tho  imioiint  to  remain  on  drposit,  \\lii(h 
shall  l)oar  intorost  from  the  1st  <hiy  of  \\\v  nn>iilh  smc- 
t«'«>tlini;  tluit  in  which  jiaymont  is  nuuh'. 

11.  Partial  ivivments  of  certificatos  outstandin«^  in  tlir    N"  i-art   noy- 
nami'  of  a  decoasfd  depositor  shall  not  1)0  made. 

\'2.  Whenever  all  cert ilicates  issued  to  a  depositor  have    <'i"siiiK  of  ao- 

'  .  counts. 

been  paiil  the  depositor's  card,  Form  PS  600,  bearing  the 
H'coril  of  his  account  shall  ])e  marked  ''Account  closed" 
and  j)laced  in  a  separate  file  with  other  closed  accounts 
in  numerical  ord<M'.  An  exception  is  ma(h>  when  deposits 
are  <»xclianj^»Ml  for  IxMids.     (See  sec.  1284,  j)ar.  9.) 

( h )  Payment  of  interest. 
l.'i.   A  dctiositor  mav  withdraw  the  interest  navahle  on    >vhon'i<'P«siK>r 

'  •  '      •  witliilr;kws   itilcr- 

anv  certili<-ate  hv  presentin<r  said  ccrlilicatc  at  tlie  odice''^'-  <"'rt''«-|to  to 

of  issue  and  being  identified,  hut  if  the  principal  icniains--«ipivisitortobo 

,         .    ,       111  •     ,  ,  •/■  I     i<i«<iuinc<i. 

on  de|)Osit  ne  should  not  indoi-sc  the  certificate  as  m  the 

case  of  full  payment.     The  postmaster  on  presentation  of 

one  or  more  certificates  for  payment  of  interest  shall,  after 

identifyiuff  the    depositor,    prepare    a    receipt    on    Form  ,r,>7^.Ij",,J*'j^ 

P.S  (ios  in  duplicate,  showing  the  date,  name  of  post  ofiice  i'''™'**- 

and  ofiice  number,  depositor's  account  numi)er,  the  serial 

number  of  each  certificate,  the  amount  of  interest  due  on 

each,  and  the  total  amount  to  be  j)aid.     This  re<*eipt  shall 

bo  prepared  whether  the  principal  of  a  <-ertificate  is  also 

paid  or  remains  on  deposit.     The  original  of  the  receipt—  wiRimU  lo  i>o 

.  .  .       .  iljCtifl. 

shall  be  d(>tached  from  the  book  in  whicii  it  is  bound  and 

the  depositor  re(|uired   to  sign  it.      Aft«>r  obtaining  the-   "ntrips  to  be 

.         ,  I  I      ,1  I         ,  miwlc  on  back  o( 

depositors  re<-eipt  the  postmaster  shall  enter  the  date  ofcprtinon*. 
payment  separately  for  each  year's  interest  due  in  the 
spaces  presided  fi»r  that  purpose  on  the  back  of  each  cer- 
tifi<ate.  The  amount  due  should  then  be  paid  to  the 
dt>jH)sitor,  and  the  certificate  returned  to  him  if  the  prin- 
cipal is  to  remain  on  deposit.     The  Memorandum  dui)li-    ,  '.'"r"**.!?  U" 

•  >  •  orlpt     to    be    r»- 

cntc  of  the  int«'r(^t  nvcipt  shall  be  n>tained  as  an  ofiice  J"l"r',U"  '****• 
re<'ord  in  the  book  in  which  bound,  and  the  postmaster  or 
clerk  recording  tho  payment  shall  enter  his  initials  thereon 


§1281,  §1282         POSTAL    LAWS   AND   REGULATIONS. 

When  depositor  in  the  spacG  providecl.     In  paying  interest  on  certificates 

est  on  certificatesissued  prior  to  Julv  1,  1917,  a  receipt  on  Form  PS  608 

1,1917.  shall  be   taken   as   above  provided,   and   the  date   and 

amount  of  interest  paid  on  each  certificate  noted  on  the 

back  of  the  corresponding  dupHcate,  which  should  be 

retained  on  file  in  the  depositor's  envelope,  Form  PS  300. 

Under  no  circumstances  sliall  the  postmaster  pay  interest  on 

any  certificate  without  entering  the  paijment  on  the  hacJc  of  the 

certificate,  except  as  provided  in  section  1284,  paragraph  8. 

Total    interest      14.  Interest  payments  shall  be  totaled  daily  and  cred- 

payments     cred- .  it  •it-  i-i^  n 

ited  in  Daily  Sum- 1  ted  on  the  line  provided  m  the  Dailv  Summary,  Form 

mary     and     Ac-_^  »ii  p    ^  ^       1^   "  i 

count  Current.  PS  708.  At  the  close  01  the  month  all  original  receipts  on 
Form  PS  608  covering  interest  payments  made  during  the 
month  shall  be  forwarded  as  vouchers  with  the  post- 
master's monthly  Account  Current,  in  which  credit  shall 
be  claimed  for  the  total  as  provided  by  section  1286. 

XIV.  Withdrawals  Through  a  Representative  or 

BY  Mail. 

(a)    Withdrawals  through  a  representative. 

When    pa  V  -      Sec.  1282.  When  it  has  been  shown  to  the  postmaster's 

ment     may     be         .  .  .  „  .     ^         . 

made    through  satisfaction  that  a  depositor,  because  of  infirmity  or  for 

representative.  ^  ^        m    •       , 

other  good  and  sufncient  reason,  can  not  appear  m  person 
to  make  a  withdrawal,  the  postmaster  shall  furnish  to  the 
representative  of  such  depositor  a  blank  order  for  the 
purpose.  Payment  shall  not  be  made  on  such  an  order 
unless  the  postmaster  is  satisfied  as  to  the  identity  of  both 
the  depositor  and  the  representative. 
Payment  of  2.  For  the  payment  of  both  certificates  and  interest  to 
interest  due,  au-such  a  depositor,  a  blank  order,  Form  PS  304,  and  the 
on  Form  PS  304.  Original  of  a  receipt  for  interest.  Form  PS  608,  shall  be 
furnished.  When  the  order  has  been  properly  filled  out 
and  both  the  order  and  interest  receipt  have  been  signed 
by  the  depositor,  they  shall  be  returned  to  the  postmaster, 
together  with  the  certificate  or  certificates  properly  in- 
dorsed by  the  depositor.  The  postmaster  shall  then  make 
payment  to  the  representative.  The  payment  of  the  cer- 
tificates and  interest  shall  be  recorded  as  provided  in  sec- 
tion 1281,  paragraphs  8,  13,  and  14.  The  retained  dupH- 
cate of  the  interest  receipt.  Form  PS  608,  shall  be  com- 
pleted from  the  signed  original.  The  order  on  Form 
PS  304  shall  be  filed  in  an  envelope  next  to  the  depositor's 
card,  Form  PS  600. 


28 


TITLK    1\-      l'(»l  \l.    SAVINC.S    SYSTKM.  §1282 

.">.   WluMi  such  a  depositor  doircs  to  withdraw  incn'Iv  m- 

ihi'  mtiTt'st  pavaolo  oji  anv  cert  ihcatc  vv  irrtihcati's,  ht"  r  lor 

shall  1)0  furiHshi'd  with  a  hlajik  order,  rorm  I  .s  IH)2,  and 
thf  ori<;inaI  of  an  interest  reei'ipt,  Form  PS  (>()S,  both  of 
which  must  he  si^iu'd  by  tlio  dej)ositor.  The  j)aynuMit 
>hall  he  rccor(h'(l  as  provided  in  section  12S1,  para^ra|)h 
l>,  and  the  retaijied  «hiph<-ate  of  the  interest,  receipt,  com- 
|)h'ted  from  the  si<;ned  ori^^ir.al.  'J'he  order  on  l''orm  J'S 
'M)2  shaJl  be  filed  in  an  envelope  next  to  the  (h'positor's 
card.  Form  PS  fiOO. 

•I.    If  the  (h-at  h  of  a  (h'po^itor  occui>i  after  iie  has  si<;ned     r*'''»«h    "f    <l<- 

•111  iir  1  |>«^il<>r  after  slgii- 

aJi  order  for  a  withdrawal  and   ht-fore  it.  lias   l)een  pre-">Ki"»orJcr. 
sented    for   j)aynient,  th(»   postmaster,    if    aware  of  sucli 
(h'ath.  shall  defer  j)ayment.  and   |)roceed  as  provided  m 
section  12S3. 

(b)     Wllliilrawal^  by  inail. 

."».   A  (h'i)osit()r  (h'siriui;  to  make  a  witlnhawal  bv  mail    noposiior  may 
mav  obtain  from  anv  depositorv  oflice    an    application  '^  i"'-  "for  pay- 
blank,  Form  l*vS  315,  requesting  a  money  order  for  the"«"''<'r 
amount  of  the  surrendered  certificates  and  any  interest 
due,  less  the  money-order  fee.     This  form  shall  be  filled 
out  and  signed  at  a  post  ofFico  in  the  presence  of  the 
postmaster  <ir  his   authorized    representative,    either  of 
whom  shall  witness  the  aj)|)lication  and  date  it  with  the 
oflice  stamp.     The  dej)ositor  shall  indorse  the  certificates 
ami  deliver  them,  with  the  <-ompleted  Form  PS  .^15,  to 
such  postmaster  or  his  representative,  who  shall  forward 
the  certificates  and  the  application  to  the  i)ostma.ster  at 
the  dej)ositorv  ollice, 

G.   If  anv   interest  is  pnvable,   tiie   depositor  shall   be    n«««>ipt  for  any 

•It'll  ■     ■        i'     r  t-  II  .  liUcrosl  duo. 

furnishe<l  with  the  original  of  a  recei|)t  on  rorm  i  ."^  'M)S 
by  tfie  depositorv  oflice  through  which  he  applies  and 
the  same  should  be  comph^ted  and  signe<l  by  the  depositor 
and  inclosed  with  Form  PS  315. 

7.  The  p«)stmaster  at  the  oflice  when^  th«»  certificates    iTorr-iurc     in 

,        .,  ■     n       I  I  1-  •        •    1  •  piiN  lin;  l>y  motley 

were  issued,  if  satisfied  as  to  the  applicants  identity,  ofKr. 
shall  fonvard  to  him  at  the  stated  address  a  money  onler 
for  the  amount  withdrawn,  less  the  money-order  fee. 
The  payment  of  the  certificates  ami  interest  shall  be 
re<-orde(|  as  provided  in  section  12si,  paragraphs  S,  ]'.i, 
and  14,  and  a  memoraiulum  dupUcate  interest  receipt, 
Form  PS  (iOS,  shall  be  prepared  from  the  signed  original. 
Tlie  order  on  Form  PS  .{15  shall  be  filed  in  an  envelope 
next  to  th'-  d.-i.,.^lt..i-\  .  Mfl    Form   I'S  OiK). 

21) 


§1283  POSTAL   LAWS   AND   KEGULATIONS. 

XV.  Death,  Legal  Disability,  or  Change  in  Name 
OF  A  Depositor. 

(a)   Death  or  legal  disability  of  a  depositor. 

Specific  au-  Sec.  1283.  Payment  of  the  amount  on  deposit  to  the 
ment  must  be  credit  of  a  deceased,  insane,  or  otherwise  legally  incom- 
petent depositor  must  not  be  made  until  specific  author- 
ity therefor  has  first  been  obtained  from  the  Third  As- 
sistant Postmaster  General.  After  the  death  of  a  de- 
positor his  account  shall  not  be  increased  by  further 
deposits. 
Administration,      2.  Administration  will  be  required  in  settling:  the  ac- 

when  required.  n  ^  i      i  •  i  i 

count   01    a   deceased   depositor  when   the   amount   on 

deposit  exceeds  $250,  except  when  administration  is  not 

required  under  the  laws  of  the  domicile  of  the  decedent. 

Payment  to  ad- In  case  administration  has  been  granted  on  the  estate  of 

miiiistrator        or  .  ii-ii  tii 

otiier  representa-a  deceased  depositor,  or  the  depositor  has  been  adiudged 

tiV6  of  6St&t6  JO 

mentally  or  legally  mcompetent  to  handle  his  own  affairs, 
the  postmaster  shall  obtain  from  the  executor,  adminis- 
trator, or  other  legal  representative,  and  forward  to  the 
Third  Assistant  Postmaster  General,  Division  of  Postal 
Savings,  the  original  or  a  certified  copy  of  an  order  of  a 
court  of  competent  jurisdiction  showing  that  the  person 
demanding  payment  has  quahfied  as  such  executor, 
administrator,  or  other  legal  representative.  If  proper 
authority  is  shown  the  Third  Assistant  Postmaster 
General  will  then  authorize  the  postmaster  to  pay  such 
legal  representative  the  amount  standing  to  the  credit 
of  the  depositor,  together  with  all  interest  payable 
thereon,  upon  indorsement  of  the  certificates  as  provided 
by  paragraph  9  of  this  section. 
When  appoint-     3,  When  the  appointment  of  the  legal  representative 

ment  has  been  m  ■        p  p  •      i  i  • 

force  more  than  has  Dcen  111  lorce  lor  a  period  exceeding  one  year,  the 

0116  VG3.r.  o  */  ' 

legal  representative  shall  be  required  to  obtain  an  addi- 
tional certification  from  the  clerk  of  the  court,  or  other 
proper  official,  showing  that  his  appointment  still  remains 
in  full  force  and  effect. 
Payment  when     4^  jj^  ^asc  of  the  death  of  a  depositor  intestate  and  the 

depositor  dies  in-  i 

testate   and   no  amouut  ou  dcposit  is  Small  ($250  or  less,  except  where  the 

administrator    is  ^  ^  '  ^ 

appointed.  laws  of  the  domicile  of  the  decedent  provide  otherwise), 
the  postmaster  shall  obtain  an  application  for  payment 
on  Form  PS  114  from  one  of  the  next  of  kin  or  the  person 
who  paid  the  funeral  expenses,  duly  acknowledged  before 


30 


TITI.K    IX POSTAL   SAV1N(;S   8VSTEM.  §1283 

an  (tflicor  aiithorizod  to  adiuinistor  oaths.  This  form 
must  ho  exorutrd  in  acconhirico  with  the  instructions 
printi'il  on  the  last  j>a«^o  ami  ftuwankHl  with  tho  rccciptiMl 
hills  for  tho  fuiUMJil  oxponsos  to  tho  Third  Assistant 
Postmaster  Genoral,  wlio,  if  tho  aj)j)lication  is  a|)|)rovcd, 
may  authori/o  payment  of  tho  amount  standin<^  to  tho 
depositor's  credit,  with  ftll  intere.>it  payal)le  tliereon,  to 
the  person  or  persons  entitled  to  receivo  it  imder  tlio  laws 
t»f  the  State  of  tho  domicile  of  tho  decedent,  upon  indoi-se- 
ment  t)f  tho  certificates  as  provided  hy  ])ara^rapli  S)  of 
this  section. 

5.   If  tho  fuiiernl  t«\|)(Mis('s  and  other  j)referred  claims    Paymcnttoun- 

1  .1  11  ,•  iiiii      <lortakor  or  other 

liave  not  heen  paid  and  no  extMii|)tions  are  created  oy  the pn'f.Trod  crodi- 
State  laws,  tho  postmaster  sludl  ohtain  an  aj)j>lication  for 
payment  on  Form  PS  1 15  from  tho  undertaker  who  hurietl 
tho  depositor,  or  from  the  otlier  j)referre(l  creditor  or 
creditoi"s.  This  apj)hcation,  accompanied  hy  a  certifi- 
cation on  Form  PS  115a  as  to  the  correctness  of  the 
claim,  shall  he  forwarded  to  tho  Third  Assistant  Post- 
master Cleneral,  Division  of  Postal  Savings,  wlio  may 
autliorize  payment  to  tho  proper  person. 

f).   In  tlio  event  of  tlie  death  intestate  of  a  depositor    Payment      to 

.     .  .  1         I'     •        1      .  1         •  •         111-        <"ii-siiliir      oillccr 

resiiluig  m  tlio  United  states  wiio  is  survived  hy  alien '"r  •iJi*"  hf'". 
heirs  residing  ahroad  entitled  to  tho  amount  on  deposit 
or  a  portion  thereof,  tlio  postmaster  shall  ohtain  an 
aj>j)li(ation  for  payment  on  Form  PS  112  from  tho  con- 
sular ofhcer  having  jurisdiction  in  tho  case.  This  appU- 
ration  shall  l)e  forwarded  to  the  Third  Assistant  Post- 
master General,  I)ivi>i(»n  of  postal  Savings,  accompanied 
hy  the  receipted  hills  for  the  funeral  expenses  or  an 
appli<ati(Hi  from  the  undertaker  as  provi(i(>d  hy  para- 
gr!ij)h  5,  and  payment  to  the  proper  peiNon  niav  he 
authi>rized. 

7.   In  the  (>ast>  of  the  deiith  intestate  of  any  drpo^>itor  t«t« 

while  residing  ahroad,  spjM-ial  instructions  will  he  issued  .i 

n|)on  ap|)lieation  to  tho  Third  Assistant  Postnuustor 
(iciiiral,  Division  of  Postal  Savings. 

s.   When  a  depositor  dies  and  is  jjuried  ahroad,  is  lost    Uoquircmcnti 

...  ,  ,  ,  .  iM  to  (iincral  ex- 

at  sea,  perishes  in  some  catastrophe  that  makes  inter- |ciwc-^w»ivod. 
ment    impossihle,    or    is    Iniried    l>y    tho    l'nit«'d    »Stat^»s 
(lovernnu'nt,  a  statement  to  that  effect  should  i)e  made 
in    thti    application    for    payment,    in    which    event    tho 
requirements  as  to  tln>  funeral  ex|KMis<»s  will  he  waived. 


81 


§1283  POSTAL   LAWS   AND   REGULATIONS. 

Signature     of     9.  Before  makina:  payment  the  postmaster  shall  obtain 

payee  on  certifi-  .  » 

cates  and  interest  the  Signature  01  the  payee  to  each  of  the  postal  savmgs 

certificates,  and  when  interest  is  due  to  receipt  on  Form 

PS  608,  m  the  followmg  form:  John  Doe,  by  Richard 

Roe  (executor,  widower,  guardian,  or  other  proper  title). 

Memorandum      iQ.  After  payment  has  been  made,  a  memorandum 

showing    author-  r    j  7  ^^---^ 

t7'^°a^id^"enm-^^^^  ^^  affixed  to  the  certificates  stating  that  ''payment 

cates.  was  made  in  accordance  with  authority  contained  in  the 

letter  from  the  Third  Assistant  Postmaster  General  dated 

."     The  certificates  shall  then  be  treated  as  paid 


and  forwarded  by  the  postmaster  with  his  next  monthly 
Account  Current. 
Application      n^  Application  forms  for  the  use  of  the  next  of  kin, 

forms.  . 

undertaker,  preferred  creditor,  or  consul,  may  be  obtamed 
from  the  Third  Assistant  Postmaster  General,  Division 
of  Postal  Savings.  In  reporting  the  death  of  a  depositor, 
or  in  requesting  these  forms,  the  postmaster  shall  state 
the  name  of  the  depositor  and  the  amount  on  deposit 
and  any  other  mformation  that  may  assist  in  the  settle- 
ment of  the  account. 
Paymentinset-  12.  A  depositor  may  not  designate  a  beneficiary  to 
ceased  depositors' receive  payment  except  through  the  formaUty  of  a  wiU, 

accoimts  must  be  j.     ./  x  o         ^  ./  ; 

made  direct  to j^or  will  powcrs  of  attomey,  waivers,   assignments,  or 

persons     author-  ^  .  '  o  i 

ized.  releases  be  accepted  in  the  settlement  of  an  account. 

Payment  must  be  made  direct  to  the  person  or  persons 
to  whom  authorized.  Whenever  funds  are  to  be  remitted 
by  mail  a  money  order,  less  the  usual  fee,  shall  be  used. 

(Z>)   Change  in  name  of  depositor. 

Woman  who  13.  A  womau  who  opens  an  account  and  afterwards 
marries  should  present  her  postal  savings  certificates  to 
the  postmaster,  who  shall  note  on  the  face  of  each  cer- 
tificate the  new  name  of  the  depositor  and  aflBx  his  sig- 
nature. The  depositor  shall  be  required  to  sign  her  new 
name  on  the  appUcation.  Until  the  depositor  presents 
her  certificates  for  proper  notation  the  postmaster,  if 
aware  of  her  marriage,  shall  receive  no  further  deposits 
on  her  account  nor  make  any  partial  or  interest  pay- 
ments to  her,  but  he  may  make  full  payment  to  close  her 
account  on  being  satisfied  as  to  her  identity. 

Change  of  name      14.  In  the  event  of  the  change  of  a  depositor's  name  by 

by  order  of  court.  °  ^  .       .     , .       . 

the  order  or  decree  of  a  court  of  competent  jurisdiction, 
the  procedure  set  forth  in  the  next  preceding  paragraph 
shall  be  followed. 

32 


marries 


TITLE    IX — POSTAL   SAVINGS   8VSTEM.  §1284 

X\'l.   Postal  Savings   liosDs. 

Sec.  1284.  Any  iloponitnr  in  a  poHtuI  tuivinKH  <l(>|KMitury  may  aur-  Potui  Hji»inK* 
Kii.lcr  las  ilfjHinil,  or  any  part  Uioroof,  in  the  sunis  of  twi-nty  dollnrH,  **"iuio,'  j„n.'  r. 
forty  dolhuv,  edxtv  dollars,  ciithtv  dollars,  one  hundn-d  dollars,  and ''''•,  •^'*'  '"'*'•  ><*: 

."  •     I  ,  I  '       1       1    1    .1  "      I  ,.        .  •    .    ..  .  .        *i  but.,  817. 

miiUipk'K  of  one  hundre<l  <lollarM  and  live  hundred  dollars,  and  r<'reive 
ill  lieu  ol  Hueh  sum'U«liTeil  <U'|M)sitn,  un«ler  Huth  nx>dation.s  ad  uuy  be 
estiihlitilu'd  liy  the  board  of  tru^oo:^,  the  aiuounl  of  tlie  Hurrfiulrred 
dep<^it.-«  in  I'nited  Slate.s  coupon  or  ri'>,'i.'<tered  boml.s  of  the  deiiouuna- 
fi->n.-<  of  twenty  (lollnrx.  forty  dollars,  nixty  liolhirs,  ei^'hfy  dollars,  one 
hundred  dollars,  and  five  hundred  dollars,  which  hon«l.s  Hhall  bear 
interest  at  the  rate  of  two  and  one-hulf  per  centum  per  annum,  payable 
Heiiuannually,  and  be  redeemable  at  the  plea<<ure  of  the  Tnite*!  States 
after  one  year  from  the  date  of  their  i.xsue  and  payable  twenty  yeare 
from  such  date,  and  both  principal  ami  interest  shall  be  payable  in 
I'liiteil  States  pold  coin  of  the  present  standanl  of  vahie:  I'roridtd, 
That  the  bomis  herein  authorized  shall  be  issued  only  (first)  wlion 
there  are  oil ttitandin^  bond.s  of  the  rnited  States  subject  to  call,  *  »  ♦ 
and  (^st-cond)  at  timen  when  under  authority  of  law  otlier  than  tliat 
contaiiu'il  in  this  act  tlie  Government  disures  to  issue  bonds  for  the 
purpose  of  n'plenishinj;  the  Treivsury,  *  »  *  And  provided  further, 
That  the  bonds  herein  authori7e<l  sliall  be  exempt  from  all  taxt>s  or 
diiliiw  of  the  United  States,  as  well  as  from  taxation  in  any  form  or 
nniler  State,  municipal,  or  local  authority. 

N'liTK. — Itoiub*  are  L«ued  umler  this  autliority  only  in  denomina-  Donomliiaiuiiui. 
tioibi  of  twenty  dollars,  one  hundretl  dollars,  and  five  hundred  dollars. 

■J.  A  depositor  may,  subject  to  the  coiulitioiia  proviiled    Appik«iioci  i.* 
ill   the  preceding  paragraph,  surronder  his  deposits  in 
wlu.le  or  ill   part,   in   the  sum   of  S2()  or  any  midtiplo 
tlieivof,  up   lo   81,()UU  (see    pur.   9   of   tliis  section),   and 
rect'ive  in  heu  of  such  surremlered  deposits  jjostal  savings 
bonds    in    ai)|>roj)riate    <lenoiniimtions.     Sucli    cxcliange 
may  be  made  by  a  dep<»sitor  as  of  Junuary  1  and  July  1  -  w»ir„  . .  u. 
of  each  j'oar.     AppHcations  may  bo  received  from  deposi- 
tors from  fbmujiry  1  to  and  inchiding  tlie  (ii"st  busitiess 
day  in  June  for  bonds  to  l>e  issued  to  bear  intenvst  from 
the  following  July  1.  aiul  from  .luly  1  to  and  iiududing 
the  first  busiiir-s  day  in  l)e(«'nilM'r  for  bonds  tt>  l>e  issued 
to   U'lir   iiit<'r»"^t    from    tlie   following  Janiuiry    I.      Tim-  on  K.»ni  i> 
ilepositor  shall  obtain  at  his  de|)ository  ofltce  an  applica- 
tion Fonn  PS  600,  complete  it  in  duplicate,  aiul  return 
it  ttJ  the  postmast<«r.     At   the  time  of  such  application— wtui  in  i<  ..i 
the  (lepositor  shall  indorse  and  surrender  to  tho  post^ 
master  postal  savings  certifi(at«»s  n'|>''  '  the  e.xact 

amount    of    the    bonds    for   which    api  i    is   made. 

The  endorstMuent  in  each  ctuso  must  corn»spond  with  the 
iijiiiie  on  the  fa<e  of  the  certilicate.  The  j>«»stmaster 
shall  make  certain  that  all  information  calletl  for  l»v  the 


101473°— 17 5  88 


§1284  POSTAL   LAWS   AND  EEGULATIOXS. 

application  Form  PS  609  is  entered  on  both  copies  thereof 
and  that  the  post-office  address  of  the  depositor  is  com- 
pletely and  correctly  shown. 

idaumed"*  *"  ^^  ^  •  Before  accepting  the  appHcation  the  postmaster  shall 
identify  the  depositor  in  the  same  manner  as  if  the  cer- 
tificates were  to  be  paid  in  cash.  (See  sec.  1281,  pars. 
5  and  6.) 

portoslt^.^  ^^^  "^^  "^^^  postmaster  shall  certify  the  surrender  of  the 
certificates  on  both  copies  of  the  application.  He  shall 
detach  the  certified  list  of  sxu*rendered  certificates  from 
the  duphcate  application  at  the  perforated  line,  return 
the  list  to  the  depositor  as  his  receipt  for  the  certificates, 
and  file  the  retained  portion  of  the  duplicate  apphcation 
in  an  envelope  next  to  the  depositor's  card,  Form  PS  600. 
He  shall  then  immediately  forward  the  original  applica- 
tion and  the  surrendered" certificates  to  the  Third  Assist- 
ant Postmaster  General,  Division  of  Postal  Savings. 
Apphcations  shall  be  forwarded  at  once  and  not  held 
until  a  number  have  accumulated. 

piicaUon!^°^^^  ^-  ^^  ^^^  dcpositor's  application  is  approved  the  Third 
Assistant  Postmaster  General,  after  detaching  the  list  of 
surrendered  certificates  from  the  original  apphcation,  wiU 
transmit  the  application  to  the  Secretary  of  the  Treasury, 
who  will  cause  the  bonds  to  be  issued  and  forwarded 
direct  to  the  applicant.  The  list  of  surrendered  certifi- 
cates detached  from  the  origmal  application  will  be 
returned  to  the  postmaster  with  the  approval  of  the 
application  noted  thereon.  This  approval  will  be  the 
postmaster's  authority  for  recording  the  certificates  as 
paid  when  the  proper  time  arrives,  and  the  list  bearing 
it  may  be  filed  with  the  retained  portion  of  the  duplicate 
next  to  the  depositor's  card. 

pi^S*^*"^^^'  6.  As  a  check  against  the  loss  of  postal  savings  bond 
apphcations  in  the  mails  a  postmaster  shall  forward  a 
statement  at  the  close  of  the  first  business  day  in  June 
and  December  giving  the  names  of  all  applicants  and 
the  amount  of  bonds  applied  for  by  each. 
Treatment    of     7,  The  Certificates  exchanged  for  bonds  will  be  treated 

surrendered    cer-  ,  ° 

tificatcs.  as  paid  on  the  date  on  which  the  bonds  begin  to  bear 

interest,  namely,  January  1  or  July  1,  and  must  be  con- 
sidered as  outstandmg  until  that  date.  The  certificates 
will  be  stamped  "Paid"  in  the  office  of  the  Third  Assist- 
ant Postmaster  General,  Division  of  Postal  Savings,  and 
placed  with  vouchers  to  the  postm aster 'sAccoimt  Current 

34 


TITLE    IX — POSTAL   SAVINGS   SYSTEM.  §1284 

for  January  or  July.  On  tho  (ir>>l  «luy  of  January  or  .luly, 
as  may  ho  proper,  tlio  postmaster  shall  iMiter  tho  cortifi- 
ctites  as  paid  on  tho  depositor's  curd,  Vovin  PS  GOO,  from 
tho  list,  of  certiliijites  surrtMKUrcd  f(»r  honds,  »ind  iiK  ludo 
tho  cortifieatos  in  tho  amount  of  pnid  cortificat os  f«»r  that 
duy  in  tlio  Daily  Summary.  A  dehit  ontry  t*f  tho  samo 
amount  shall  ho  mado  on  tiio  liiu»  provich'd  in  tho  Duily 
Summary.  Tho  amount  shall  also  hodoductod  from  tlio 
halanco  in  tho  summary  of  depositors'  necountvS.  Theso 
entries  shall  ho  carried  fonvard  to  tho  con'ospondinj; 
it«ms  in  tho  monthly  Account  Ciirront. 

8.  If  anv  interest  is  already  duo  and  pavahlo  on  <er-  PayinMit  of  in- 
tilicates  when  thov  aro  surrendered  for  convei-sion  into-  '«< 
honds  (see  sec.  1270,  par.  W),  payment  of  all  interest  duo' 

should  then  he  made,  entered  jus  of  that  date  in  tho  man- 
ner provided  hy  section  12.S1,  paragraphs  I'A  and  14,  aiul 
credit  claimed  in  tho  Account  CurnMit  ft)r  tho  nu)nth  in 
which  tho  payment  is  effected.  Care  must  ho  taken  to 
enter  tho  interest  pannents  on  the  hacks  of  the  certifi- 
cates hefore  they  are  fonvarded  with  the  hond  applica- 
tions. If  any  interest  hecomes  due  after  the  certifi<-ate8 
have  heen  surrendered  and  prior  to  or  on  tho  date  on 
which  tho  certilicates  aro  treated  jis  paid  (Jan.  1  and 
July  1),  tho  same  shall  he  paid  to  the  depositor  on  or 
after  tho  date  of  exchange,  anil  the  samo  procedure  fol- 
lowed, except  that  since  tho  certilicatos  aro  not  at  hand 
tho  notation  **  Certificates  surrendered  for  honds  "  shall 
he  written  on  the  interest  recei|)t.  After  <*ertihcates  tiro 
forwarded  with  an  application  for  honds  uo  further  inter- 
est thereon  shall  he  paid  until  the  date  of  exchange  (Jan, 
1  or  July  1).  If  any  interest  remains  payahle  on  tho  date 
of  exchange  tho  depositor  shall  ho  requt^ted  to  call  for 
it  imme<liat«ly,  and  payment  made  as  providtnl  in  the 
preiu'ding  sentence.  In  iw  cane  will  credit  be  allowed  fnr 
fit  pai/mtnt  of  interest  before  it  is  due. 

9.  A  deiK)sitor  npplyini;  for  l)onds  who  has  on  dei)osit  ^^'h<>n  appiiomt 
ui  lus  postJil  savmgs  accotmt  the  inaMinum  anmn'  '  ,y  makt> 
authorized    hy  law   may  not  make  additional  dejXJ'^iL   . 

until  tho  date  of  exchange  (Jan.  1  or  July  1),  but  may 
do  so  tiien  even  though  the  bonds  have  not  been  deliv- 
ered. 

10.  If  the  entire  balance  on  de|>osit  to  Uie  credit  of  a  wiH<n  Krount 
depositor  on   tho  ihito  of  excluinge  has  been  converted  rkr«..i 

.into  lK)niIs  his  ac<"ount   ^■hnW  he  rIi»so<i   and   anv  sul)S( 


:ci 


I*  to  >H'  lrr«t<Kl  M 


§1284,  §1285        POSTAL  laws  ANI>  BEeULATIONS. 

quent  deposits  entered  mider  a  new  account  number, 
unless  interest  due  remains  unpaid  on  the  date  of  ex- 
change or  additional  deposits  are  received  from  the 
depositor  before  the  account  is  reported  as  closed,  in 
either  of  which  events  the  depositor's  account  shall  be 
kept  open  and  the  old  account  number  retained. 
Bonds       not      11.  Postal  saviugs  dcposits  which  havc  bccu  exchanged 

counted  in  maxi- p        ■,  -i  ,  ,     -i  j.j?ii  •  ^ 

mum  of  si.ooo.  lor  Douds  are  not  counted  as  a  part  oi  the  maximum  of 
$1,000  allowed  one  depositor,  and  there  is  no  hmitation 
on  the  amount  of  postal  savings  bonds  which  may  be 
acquired  by  a  depositor,  when  such  bonds  are  available 
for  issue  as  provided  by  paragraph  one  of  this  section. 
Bonds    issued      12.  Postal  savings  bonds  can  be  procured  only  by  the 

tor  deposits.  ™^^  Surrender  of  postal  savings  deposits  and  will  not  be  issued 
to  persons  who  are  not  depositors,  but  after  deUvery  they 
may  be  sold  or  assigned  by  the  owner  to  any  person  de- 
sired. 
Purchase      of     13.  The  Board  of  Trustees  will  purchase  postal  savings 

of  Trustees.  bonds  at  their  par  value  on  the  apphcation  of  any 
holder.  Bonds  offered  for  sale  must  be  assigned  to  the 
Board  of  Trustees  and  when  such  an  assignment  is 
acknowledged  before  a  postmaster,  an  impression  of  the 
postal  savings  depository  stamp  shall  be  made  on  the 
bond  in  the  space  provided  in  the  "Transfer"  clause  for 
a  seal.  Acknowledgments  must  not  be  witnessed  by  an 
assistant  in  the  name  of  the  postmaster.  If  necessary, 
the  assistant  postmaster  may  witness  in  his  own  official 
capacity. 
Interest  checks      14.  Checks  and  couDons  coverine'  interest  on  postal 

and  coupons  ^  °  r>i 

cashed  by  post-  savuigs  bouds  may  be  cashed  by  postmasters  from  postal 
or  money  order  funds  in  the  same  manner  as  other  Gov- 
ernment paper.  They  may  also  be  cashed  out  of  postal 
savings  funds  as  provided  by  section  1288,  paragraph  6. 

XVII.  Forms  and  Supplies. 

(a)  Requisitions. 

How    to    ad-     Sec.  1285.  AH  requisitions  for  postal  savings  certifi- 
tions.  Gates  and  other  supplies  shall  be  made  on  Forms  1580, 

1580 A,  1580B  or  4620  and  addressed  to  the  Fourth 
Assistant  Postmaster  General,  Division  of  Equipment 
and  Supphes,  except  that  postal  savings  cards  and 
stamps  shall  be  obtained  from  the  Third  Assistant 
Postmaster  General,  Division  of  Stamps,  using  the  blank 


TITLE    rx — PORTAL   SAFFNOS   SYSTTM.  §1285 

8pnct»-<  (Mr  rcfjnisition  Form  M20I,  which  }Hhould  be  plainly 
nnurk(Ml  'Postal  Snvings." 

NoTK. — ForiUM  PS  '^\0  iuxi  :U1  iin>  to  l>«'  no  Iuml'it  ii-<m1  in  nnlvriiiir 
poHtal  saving  HupplicH. 

1?.  Postmasters  shall  kooj)  on  hand  a  MiiUcitnt  (juantily 
of  postal  snvin<;s  cards,  postal  savings  stnnijis,  nrwi  postal 
savinj^  certificates  to  meet  the  public  domniul,  and  of 
su<-h  other  snj)plies  as  may  be  necessary  to  «'nabl<»  (hem 
to  transact  all  postal  savin<^  business  pnmiptlv. 

3.  Postmaster  wiU  bo  held  accountable  for  all  postal -"*^""*'""''^- 
savinp*  cc^ificates,  cards,  and  stamps  sent  them  for 
issue.  Postal  savings  cards,  stamps,  and  ccrtilicates 
shall  not  be  loaned  or  sold  by  one  postmaster  to  another. 
They  shall  in  all  eases  be  obtained  by  requisition  as  pn>- 
vi(h'fl  in  paragraph  1  of  this  section. 

I.  No  postmaster  will  be  funiished  with  postal  savings 
cards  and  stamps  or  jiostal  savings  supplies  of  any  kind  ■ 
until  his  ofTice  shall  have  been  designated  as  a  postal 
savings  depository,  but  the  postmaster  at  a  depository 
office  may  place  postal  savings  cards  and  stamps  on 
sale  at  all  stations  oi  his  ofTice. 

5.  Packages   of  ])ostal  savings  cards,   postal  savings  —  opening    ami 

o  I  r>  '     I  11    fotintlng. 

stamps,  and  postal  savings  certificates  shall,  on  receipt, 
be  opened  and  countcni  jointly  by  the  postmaster  or  his 
atithorized  representative  and  a  witness.  If  the  quantity 
does  not  agree  with  the  accompanying  invoice,  the  post- 
master shall  immediately  make  a  report  of  the  dis- 
f  rcpancj,  with  invoice  attached,  addressed  to  the 
division  from  which  the  supplies  were  issued,  and  hold 
the  shipnu'Ut  for  instructions.  The  rep(»rt  shall  contain 
t  he  date  of  invoice,  the  number  of  the  registered  package, 
and  the  fuU  address  of  the  shipment,  and  shiJl  state  the 
c«)ndi(ion  in  which  it  arriv«'d.  In  case  of  shortage,  the 
corTeetn«'S8  of  iho  rejwrt  shall  be  certilied  by  the  post- 
master on  his  ofhcial  oath  and  att<^ted  by  the  witness. 

6.  I'pon   rectMDt  of  postal  savings  <ertincates,  cartls,  — ,«M»rte«  in  we. 
and  stamps,    the  postmaster  shall   immediat<My   charge 

himself  with  the  value  thereof,  n-^^ardless  of  their  eon- 
ilitiou,  on  the  lines  j)rovi<hfi  in  the  postal  savings  cer- 
tificate form  8cn)unt  and  the  savings  can!  an<l  stamp 
account  of  his  Daily  Summary.  Fonn  PS  708.  and  make 
similar  entries  in  his  next  monthly  Account  Current, 
which  sh«)uld  be  acet)mpanied  by  his  reeeiptefl  invoice  for 
the  suppbes. 

87 


§1285  POSTAL  LAWS  AND  REGULATIONS. 

to^e*state(f7°^^  7.  Ill  each  commuiiiciitioii  relating  to  postal  savings 
supplies  received  the  postmaster  shall  refer  to  the  date 
of  the  invoice. 


(b)  Supplies  lost  or  damaged. 


Damaged  stock. 


,  If  postal  savings  certificates,  cards,  or  stamps  are 
received  in  a  damaged  condition  or  become  damaged  by- 
fire  or  otherwise  while  in  the  possession  of  the  postmas- 
ter, they  shall  be  sent  to  the  Third  Assistant  Postmaster 
General,  Division  of  Stamps,  for  redemption.  An  item- 
ized statement  of  the  quantity  returned,  giving  the  serial 
numbers  in  the  case  of  certificates,  and  con  taming  a 
full  explanation  of  the  cause  of  the  damage,  shall  be  pre- 
pared in  duplicate.  The  original  shall  accompany  the 
retmiied  supplies,  which  shall  be  coma  ted,  prepared  for 
mailmg,  and  dispatched  m  the  presence  of  a  witness. 
The  duphcate  shall  be  retauied  by  the  postmaster  as  a 
"  voucher  but  credit  must  not  be  taken  imtil  formal 
authorization  is  received  from  the  Third  Assistant 
Postmaster  General.  If  in  the  case  of  cards  and  stamps 
the  amount  can  not  be  ascertamed  from  an  examination 
of  them,  they  should  nevertheless  be  forwarded,  and  the 
postmaster  will  be  informed  of  their  redemption  value,  if 
it  can  be  determuied. 
Report  of  losses,  g^  Losses  of  postal  saviugs  cards  and  stamps  shall  be 
reported  immediately  to  the  Solicitor  for  the  Post  Office 
Department,  to  the  post-office  inspector  m  charge  of  the 
division  in  which  the  post  office  is  located,  and  to  the 
Third  Assistant  Postmaster  General,  Division  of  Postal 
Savmgs. 
of^^^'^certfficates  ^^-  Wheii  blank  postal  savuigs  Certificates  are  stoleu  or 
■str!f°d  to^be  re-^^®*^°y^^  ^^^^  postmastcr  shall  report  the  serial  numbers 
ported.  at  once  to  the  post-office  inspector  in  charge  of  the  division 

in  which  the  post  office  is  located,  and  to  the  Third  Assist- 
ant Postmaster  General,  Division  of  Postal  Savings,  who 
will  furnish  the  postmaster  with  a  form  for  use  in  certifying 
to  the  loss,  and  on  retmii  of  such  certification  the  post- 
master will  be  authorized  to  claim  credit  for  the  loss  in 
his  accoimts  if  such  action  is  fomid  to  be  proper. 
rc^iac^^iosT^ o?  ^^'  P-Gquisitioiis  to  replace  postal  savmgs  certificates, 
damaged  stock,  cai'ds,  or  stamps  which  have  been  stolen,  destroyed,  or 
rendered  miserviceable  from  any  cause  shall  be  made  in 
the  usual  manner,  except  that  the  requisition  shall  bo 
plainly  marked  "To  replace  stock  lost  or  damaged." 

38 


TITLE    IX POBTAI.   SAVIN«;S   SYSTEM.      §1285,  jJl'iSG 

12.  Postal    savings    rrrtilioU^^,    rarfls,    stumps,    niul     '"'"'•*»*««>• 
rt'< onl   hooks  .shull  ho  jjivoii   the  sanu?  protcM-tioii  ms  is 
rtMjuiretl   h^'  socti«»n    301    for   iHistajjo  stumps,  sUimpcd 
pupiT,  and  postal  rrcords. 

X\'1I1.    I'tlSTMASTKKS'    KeCORDS    AND    Re1*<>RTS. 

(«)  (fjice  Ri  cords. 


Sec.  1286.  The  postmastor  at  a  depository  office  nuiiy  sum- 
shall  keep  a  Daily  Sunwnary,  Form  PS  70S,  in  which  hpT^?'  **"" 
shall  enter  daily  all  postal  savings  funds  rorcivcd  and 
disbursed,  all  postal  savings  certificates,  cards  and 
stamps  received,  issued,  and  otherwise  disposed  of,  and 
f)ther  information  concerning  the  postal  savings  transac- 
tions at  ills  office  recpiireil  by  tlu^e  regtdations. 

(a)  Ccrtifnates  as  issued  shall  be  entered  individuallv    i;     ri  or  «t- 

,,  ,  .  1  T-<  Tl    <       /^     .    V  111"       tllMU'.S  issued. 

on  tiio  depositors  cards,  Porm  r>)  oOO,  as  j)r«»vidi'(i  by 
section  1272,  paragiaph  4.  The  inclusive  serial  numbers 
of  certifirates  issued  shall  be  entered  daily  on  the  Abstract 
of  Issues,  Form  T*S  705.  as  rcrpiirrd  bv  soffinn  1272, 
parjigra])h  6. 

(A)  Certifir:it('s  p.-iid  shall  be  entered  mi  tue  dcjio-^itors  —  or  cortiiii-at<-3 
cards.  Form  PS  OOO,  and  on  the  Abstract  of  Payments, 
Form  I^  706,  as  provided  by  section   1281,  paragraphs 
^  and  (n 

(r)  Interest   pavments  on    a   (H^rtilicnte,   whether   the-oftnt«re»tp«y- 

1    •         1  •    1     1  I  111  ni"">t«- 

principal  is  also  wi(h<irawn  or  remauis  on  dep<isit,  shall 
be  entere<l  as  provided  by  section  12S1.  paragraphs  13 
and  1-1,  and  the  total  payments  I'arried  daily  to  the  Daily 
Summary  as  therein  provided. 

id)  Tiie  value  of  certiHcat«'s  i^sueil  and  paid  .shall  be-t'^proveJtouto 

.  .  •'  'filly   trmiiM^ 

proved  daily  and  the  totals  cMrri*^  I  t«»  the  Daily  Summary,  i"' 
Form  PS  70S,  as  provided  by  sertion  1272,  paragraph  6. 
"•id  sci'tion  1281,  paragraph  9. 

2.  The  Dailv  Summarv  shall  be  cbwetl  dailv.  all  items,  '" 

«»f  receipt   and  <lisbursement  veriliwi,   and   all   balaiuM's"''*' !««*•«•'• 
prove<l.     No  entry  ne^HJ  be  made  on  days  when  no  postal 
savings  business  is  transact(><l,  but  at  the  top  of  the  page 
on  whi<h  subsequent  businois  is  rt'^'orjle*!  the  dat<»s  on 
which  no  business  was  transaoie<l  sliaJl  be  iiottMl. 

•t.  The  jHJstmaster  shall  report  promptly  to  the  Third,  /•'« 

A.ssistant  Postmaster  Cieneral.  Division  of  Postal  Savings, 
any  l*)'>s  of  po^tiU  sc  vin  '^  records  by  lire  or  bui^lary  or  in 
any  other  manner. 


§1286  POSTAL   LAWS   AND  REGULATION'S. 

(h)   Monthly  Account  Current  and  abstracts. 
Account    Cur-     4.  At  the  closG  of  busuiGss  Oil  the  last  day  of  each 

rent,    Form    PS  in 

704.  month  the  postmaster  shall  prepare  an  Accomit  Current 

on  Form  PS  704  by  combmmg  items  shown  in  his  Daily 
Summary,  Form  PS  708,  and  summarizing,  in  the  spaces 
provided,  the  number  and  amomit  of  certificates  issued 
and  paid  for  each  denommation,  with  a  similar  classifica- 
tion of  interest  payments.  The  data  for  these  summaries 
shall  be  obtained  from  the  Abstract  of  Issues  and  the  Ab- 
stract of  Payments  and  the  interest  receipts  (Forms  PS 
705,  PS  706,  and  PS  608),  which  shall  be  attached  to  the 
report.  The  number  of  certificate  forms  of  each  denomi- 
nation on  hand  at  the  close  of  the  month,  and  then-  value, 
as  shown  by  the  Daily  Summary,  as  well  as  the  value  of 
savings  cards  and  stamps,  must  be  verified  by  an  actual 
count  of  the  stock  before  the  report  is  rendered.  The  bal- 
ance in  the  summary  of  depositors'  accounts  must  be 
verified  by  adding  the  balances  to  the  credit  of  the  indi- 
vidual depositors  as  shown  by  the  depositors'  cards.  Form 
PS  600.  After  preparation,  the  Account  Current  shall  be 
carefully  checked  and  promptly  forwarded  with  all  paid 
certificates,  interest  receipts,  and  other  su^jporting  vouch- 
ers to  the  Third  Assistant  Postmaster  General,  Division 
of  Postal  Savings,  in  the  special  envelope  provided  for 
that  purpose.  The  Third  Assistant  Postmaster  General 
may  modify  the  requirements  concerning  postal  savings 
records  and  reports  with  respect  to  the  larger  post  offices, 
^copie^^of  re-     5.  Postmasters  shall  keep  copies  of  all  reports  and  ac- 

stracts.  companying  abstracts. 

ne^iftramacted!  ^-  ^^  ^^'^  business  is  transacted  during  any  month,  an 
Account  Current,  Form  PS  704,  showing  the  cash,  stock, 
and  depositors'  balances,  shall  be  forwarded,  and  the 
words  "No  business  transacted"  written  across  the  face 
of  the  cash  accomit. 
Signing  of  Ac-     7^  xliG  Accomit  Current  shall  be  signed  in  ink  by  the 

count  Current.  °  ,  -^ 

postmaster,  or  in  his  absence  by  the  assistant  post- 
master or  other  representative  designated  in  accordance 
with  sections  265,  267,  and  268. 

(c)  Statistical  reports. 
Monthly  report     g.  Promptly  after  the  close  of  business  on  the  last  day 

on     card    Form  i      J  ,  '' 

PS  541,  of  each  month  the  postmaster  shall  mail  a  card,  Form 

PS  541,  containing  statistical  uiformation  concerning  the 


40 


TITLF.    IX — I'OSr.M.    SAVINCS    8VSTF.M.  §1286 

postal  sjiviii*^  Iraiisactions  of  liis  ollirc.  This  report  ^luill 
not  l>t'  iucloscti  vitli  tlu'  Account  ("in rent. 

!•.  'l'lu>  nunil)fi'  of  accoimts  opcnctl  dminj^  the  niontli    Hhw  to  iiotcr- 

1111         ii  II  ii  i  r  ^i  I  -mine  imnilH<r  of 

shall  1)0  (U'tcriniiuMi   hy  sul)ira(tin<j;  Ironi  the  nnniorr  oi  aixoiuiis  opcncu. 
the  last  account  o[)onotl  in  tliat  niontli  the  nnniluT  of  tho 
last  account  opened  in  the  j)rc(iMling  month. 

10.  The  niunher  of  rtc<H)unts  closed  during  the  month  —  numiHr  of  no- 
shall   he  tletcrmnied    i>y  ciumtmg  the  <u>j)ositoi"s    cards, 

Form  PS  GOO,  transferred  to  the  closed  fih'.  A  memo- 
nvndimi  should  he  ke|>t  of  the  account^  dosed  earli  (hiy. 
(See  sec.  iL'Sl.  j)!ir.  12.^ 

11.  Tht>  numher  of  deposits  and  withdrawals  shall  be  -  niimiH-r  of  Oo- 
olitamed  from  the  depositoi-s    cards,  l^orm  J  b  COO,  and  auruwuis. 
daily    memorandum    kept   of    these    transactions.     Tlio 

i\umher  of  deposits  or  withdrawals  should  not  be  con- 
fused with  the  number  of  certificates  issued  or  jiaid.  llio 
nund)er  of  deposits  in  one  da}-  is  the  same  as  the  number 
of  persons  depositing,  miless  the  same  perst)n  comes  more 
than  once  to  make  deposits.  Payments  of  interest  shall 
not  be  reported  as  withdrawals. 

12.  Tlie  entries  under  the  bending  "From  Julv  1   to-    numbor    of 

,,,,,,,,  ,  ,         ^  .  ,  ,  ■  ^  Ininsactioiis     for 

dat^  shall  show  only  the  transactions  for. the  cinTentcrrent  Oscai 
fis<al  year,  which  may  be  ttbtained  for  each  month  after' 
.hdy  by  adding  the  number  during  the  month  to  the 
number  shown  imder  that  beadhig  in  tho  report  for  the 
])receding  month.  For  this  purp<»se  a  duplicate  of  each 
monthly  statistical  report  shall  he  retained  by  the 
j)ostmaster. 

]'.i.  The  total  number  of  a<-counts  rt-maining  open  at— n"'"'*'^  of  «■• 

1  1  r      \  1        1      11    1  111  1  •         r«Mint,s  miittliun,; 

the  close  of  tlu*  month  sinul  he  ohtamed  hy  suhtracting"i>*". 
from  the  number  of  the  last  account  opened  the  total 
number  of  closed  accounts.  When  the  number  of  ac- 
C4)unts  is  not  unduly  large  this  may  be  v«Tihed  by  <ount- 
ing  tlie  depositors'  cards,  Form  l'"^  '•"o  wli.li  ^]\o\v  a 
balance  on  deposit. 

14.  Tlie  value  of  certilicati*s  issued  and  ituul  shall  be-^"™'"'«'"'"'rtW- 
taken  from  the  Daily  Summary,  and  the  tlifTcrenco  he-i""*' 
tween  the«e  item-s  gives  the  "Increase  or  decren.so  in 
balance."  T\\o  balance  to  the  <redit  of  dej>ositors  at  tlio 
close  of  any  nn)nth  is  the  total  of  the  balances  shown  on 
the  depositors'  cards,  ^^)^m  PS  GOO.  Tho  balanc<38  at  the 
beginning  and  close  of  the  month  and  the  value  <»f  cer- 
tificates issuetl  and  paid  tluring  the  month  should  agrt'c 
with  the  items  in  the  "  Summary  of  dciH)sitors'  acc^^uiits" 


41 


§1286,  §1287      POSTAL  laws  and  regulations. 

as  reported  on  the  monthly  Account  Cmrent,  Form  PS 
704.  Receipts  from  the  sale  of  cards  and  stamps  and 
fmids  received  from  other  postmasters  must  not  be  in- 
cluded in  the  balances  reported  on  Form  PS  541. 
MTien  there  are  15.  If  there  have  been  no  transactions  durmg  any 
month,  a  copy  of  Form  PS  541  shall  be  forwarded  show- 
ing the  business  during  the  current  fiscal  year  mider  the 
heading  "From  July  1  to  date,"  and  the  balance  to  the 
credit  of  depositors.  The  words  "No  business  trans- 
acted" shall  be  written  in  the  column  headed  "This 
month." 

{d)  Cffmnge  of  postmasters. 

Receipt  for  cash      16.  When  a  change  of  postmasters  occurs,  the  retiring 
ferred    to    now  postmaster  shall   deliver   all  postal  savings   cards   and 
stamps,  unissued  postal  savings  certificates,  and  cash  on 
hand  to  his  successor,  who  shall  make  a  careful  inventory 
thereof  and  issue  a  receipt  in  duplicate  for  the  stock  and 
cash  actually  received  by  him.     The  incommg  postmas- 
ter shall  also  check  the  amounts  receipted  for  with  the 
balances  shown  in  the  Daily  Summary,  Form  PS  708,  and 
the  retiring  postmaster's  final  Account  Current,  Foi-m 
PS  704,  and  if  a  discrepancy  is  found  which  can  not  be 
reconciled  the  matter  should  at  once  be  reported  to  the 
Third  Assistant  Postmaster  General,  Division  of  Postal 
Savings. 
—forwarded with      17.  The  retiring  postmaster  shall  forward  the  original 
tiring  postmaster,  receipt  with  his  final  report  to  the  Third  Assistant  Post- 
master General,  Division  of  Postal  Savings.     He  shall 
Delivery  of  rec- deliver  to  his  succcssor  all  postal  savings  records,  blank 

ords  and  supplies.  «  ,,.  ,  ^    •       ,  ,  •  i-ii  i 

.     forms,  datmg  stamps,  and  mstructions  which  have  been 
received  from  the  Department. 
Separate  reports      18.  When  a  change  occurs  durmg  the  month,   each 

for  part  months.  i     m  i  •  ^ 

postmaster  shall  render  a  separate  report  covermg  that 
part  of  the  month  for  which  he  has  served. ' 

XIX.  Stations  and  Branch  Offices. 

(a)  Stations. 

Records    kept     Sec.  1287.  In  the  absence  of  special  instructions,   a 

dered'^^by^  sta- Station  designated  as  a  postal  savings  depository  shall 

tions.  keep  the  usual  records  of  postal  savings  transactions  and 

render  to  the  postmaster  at  the  close  of  each  month  a 

complete   report  on   the   regular   account   current   and 

abstract  forms.     The  station  superintendent  shall  make 

42 


TITLE    IX — POSTAL   SAVINGS   SYSTEM.  §1287 

}i  (liiily  roport  to  tho  postmaster  o\\  Form  PS  021,  which 
shouUl  1)0  accompaniod  l>y  tlio  not  postal  savinj^  receipts 
of  the  (lay  and  tho  vouchors  C()Voriii}»  tho  day's  trans- 
ucti(»ns,  and  must  ho  dispatciuMl  in  time  to  jicrmit  tlio 
funds  remitted  to  l)0  inclu(U'd  in  tho  postmaster's  hank 
deposit  on  tho  f»)ilowin«x  day.  In  tho  ahsenco  of  special 
instructions  to  tho  contrary,  the  Daily  Summary  kept  at 
tho  main  olh<o  shall  ho  a  record  of  tho  husiness  tran.s- 
acted  there  and  shall  not  include  transactions  at  stations. 
The  total  cash  received  from  stations  sliould  ho  entered 
as  an  inserted  dehit  item,  and  funds  sent  to  stations 
similarly  credited. 

2.  At  tho  close  of  each  month   tho  postmaster  shall    Postmaster's 

,      -  ,  1-   1  I      »  /-\  Account    furrcnt 

prepare    and    forward    a    consolidated  Account  Current  i"  inriu<io  tmn.*. 

tiction.s     at     stiv 

(Form  PS  704)  covering  the  husiness  of  the  main  ofTicotiona." 
and  all  stations,  with  the  ahstracts  and  vouchers  suh- 
mitted  hy  each  station,  and  a  recapitulation  on  Form 
PS  717  of  tho  ahstracts  of  issues  and  payments. 

.'i.  The  superintendent  of  a  station  may  ho  authorized  .Ji^nor/oy'^h.'i 
hy  tiio  postmaster  to  use  postal  or  money  orilor  funds  in '"'"^  "i  =''*"»o«>- 
paying  postal  savings  certificates  and  to  suhmit  to  the 
main  oflice  as  a  part  of  tho  daily  remittanco  of  postal  or 
money  order  funds  a  memorandum  slij)  dei)iting  postiJ 
savings  funds  to  the  amount  of  other  funds  used.  On 
rt^'oipt  of  this  nuMuorandum  at  tiio  main  ollice  tho  nt>c- 
essary  adjustment  siiall  ho  made  hotwecMi  tho  fun<ls 
involvoii.     Remittances    from    a    station    to    tho    nuiin    nomittance-sby 

...  1        r       1  chocks  uml  Unut.s. 

ofhco  may,  with  tho  approval  of  tho  postmaster,  ho 
made  in  tho  form  of  chocks  or  drafts,  as  pn>\i<liMl  hy  ^f^-- 
tion  1279,  paragrajdi  7. 

4.  Tho  postmaster  shall  arrange   to   transmit   to    tin*    •'"'»»'  »^'''»«* 

'  "  (-1  h  furnished  to 

station  such  postal  savings  cash  as  may  ho  needed  t«)  >t-»ii«iw. 
moot  withdrawals  in  excess  of  its  availal)l«»  funds.  As  a 
conv(>nient  metho«l  of  furnishing  stations  with  p(»slal 
savings  fumls.  the  postmaster  may  authorize  ea<-h  station 
suporintondent  to  draw  drafts  on  tho  main  oHico  (Forni  . ''•odrtfuon 
PS  infii.  within  such  limit  as  tho  postmaster  may  fix, 
which  tho  su[)erintendent  may  cash  out  of  postal  or 
money  onler  ftinds,  or  through  noarhy  lianks  or  husinoaa 
iioust»s.  if  accc[)ted  without  charge  for  tvvchange.  Tho 
words  "drawing  postmaster."  on  Form  PS  .'HO,  shouhl  ho 
stricken    out   and    the   words   "superintendent,   station 

."  inserted.     Tho  station  su[>erintendent  drawing 

such    drafts   should    for^vard    with    his    daily    rcp(>rt   on 


4.T 


§1287  POSTAL    LAWS   AND   REGULATIONS. 

Form  PS  621  a  statement  showing  the  number  and 
amount  of  each  draft  drawn  on  that  day.  All  drafts 
thus  drawn  shall  be  entered  in  the  records  and  reports 
of  both  the  station  and  main  office,  as  provided  by  sec- 
tion 1280,  paragraphs  11  and  14.  When  the  main  office 
is  not  a  central  depository  office,  the  paid  drafts  with 
accompanying  abstracts  need  not  be  forwarded  in' 
advance  of  the  montlily  report. 
uishc?cUcfstatiom".  ^-  Statious  shall  be  furnished  from  the  hiain  office 
with  postal  savings  certificates,  cards,  stamps,  and  other 
supplies,  and  a  separate  account  shall  be  kept  at  the 
main  office  showing  the  distribution  of  all  certificates, 
cards,  and  stamps  to  the  main  office  and  stations.  Postal 
savings  certificates,  cards,  and  stamps  transferred  to  or 
returned  by  a  station,  should  be  accounted  for,  both  at 
the  main  office  and  the  station  by  appropriate  entries  in 
the  postal  savings  certificate  form  account  and  the 
savings  card  and  stamp  account  of  the  Daily  Summary, 
j-tatisticai  re-  g.  The  postmastcr  shall  make  a  statistical  report  on 
card  Form  PS  541  showing  the  consolidated  business  of 
the  main  office  and  stations. 

(b)  Branch  offices. 

and^reports  ^tn-  '^ '  -^  brauch  post  office,  designated  as  a  postal  savings 
offices  ^^  ^^^^^  depository,  shall  keep  the  usual  records  of  postal  savings 
transactions  and  at  the  close  of  each  month  the  superin- 
tendent shall  prepare  for  the  signature  of  the  postmaster 
a  complete  Account  Current  on  Form  PS  704,  with 
abstracts  and  vouchers  covering  the  business  of  the 
branch  office  for  the  month.  The  postmaster  shall  sign 
and  forward  the  report  for  the  branch  office  with  the 
monthly  Account  Current  for  the  main  office.  The 
transactions  at  the  branch  office  should  not  be  included 
in  the  records  and  reports  for  the  mam  office. 
cafb^s^  ™  ^°"  ^'  Local  banks  in  a  town  served  by  a  branch  post 
office  transacting  postal  savmgs  business  are  entitled  to 
qualify  for  the  deposits  if  they  desire  to  do  so.  (See 
sec.  1277,  par.  2.)  If  one  or  more  local  banks  qualify 
the  postmaster  wiU  be  authorized  to  instruct  the  superm- 
tendent  to  deposit  the  postal  savings  receipts  in  such 
banks  and  to  obtain  funds  to  meet  withdrawals  by  check- 
ing on  the  bank  designated  for  that  purpose,  aU  such 
transactions  of  the  superintendent  to  be  in  the  name  of 


44 


TITLE    IX I'OST.M     S.WINCS    SVSTKM.  §1287 

the  postmaster,  in  inakiii;;  sudi  hank  (li'|)()sits  and  with- 
draw aJs  the  suj)frinti'iult»nt  sliaJl  l)t»  guided  l»y  tin*  pio- 
ctMliirc  sot  fortli  in  sections  1277,  rJ7S,  and  paraj^raphs  .'>, 
(),  and  7  of  section  12S().  Sinplus  funds  shall  he  remitted 
to  the  main  ollice,  as  |)n»vided  hy  section  lL'7'.t.  para- 
«;iaj)li  S. 

l>.   Iji  the  absence  of  special  instnictions  tlie  suix'rin-,  ";'">i''^'">  "' 

'  _  >  fiiiKl.i     to     main 

tcndiMit  ut  the  branch  oHi<-e  slniU  remit  Ids  surj)his ""'**• 
postal  savin}^  receipts  liaiJy  to  the  main  ollice  iji  time  to 
he  inchid(>d  with  the  postmaster's  hank  deposit  on  the 
following  day,  which  shall  be  entered  in  the  Daily  wSum- 
mary  of  the  nniin  (tfiice  as  "Recei\('d  from  hianch 
ollices."  The  j)ostmaster  shall  issne  a  receipt  on  I''orm 
PS  .'il3  for  each  remittance  received  from  a  branch 
ollice,  aiul  shall  enter  the  date  and  amount  of  each  such 
remittance  in  Abstract  I)  on  the  back  of  the  monthly 
Account  Current  submitted  for  the  main  ollico  ujidcr  a 
special  heading?  readijig  "  Fujuls  received  from  branches." 
The  remittances  shall  be  entered  in  Al)stract  C  on  tho 
hack  of  tho  Account  Current  rcjulered  for  tho  branch 
ollice.  Special  entries  iji  Abstract  D  will  not  bo  required 
at  central  depository  oflices  where  Form  PS  510  is  used. 

10.  The  superintendent  at  a  branch  ollice  mav  be  au-    ^  «>  »'  p<w«ai 
thorizeu  to  uso  postal  or  money  order  funds  m  pa vuig '•'"•'•*  "i  brandi 

*         .    ,  '  .  OllllVS. 

postal  savinf^  certificates  and  to  make  remittances  to 
the  main  ollico  in  the  manner  provided  by  paragraph  3 
of  this  section.  Tho  postmaster  shall  arnuijjo  to  tran.s- 
mit  to  the  bran<h  ofTice  cash  needed  to  meet  withdrawals 
in  excess  of  the  availai)le  funds.  -Vll  remittances  thus 
sent  shall  be  ent«'rcd  in  Abstract  C  on  tho  back  of  tho 
monthly  Ac<-otmt  Current  submitted  by  the  main  oirn-e. 
Funds  received  at  a  brandi  from  (he  imiin  ollice  shall  bo 
shown  in  Abstract  D  on  the  back  of  the  monthly  A<count 
Current  of  the  branch  o(lic(>  under  the  special  heatlint; 
■  I'uiuls  receive*!  from  main  ollice" 

11.  *\s  a  convenient  method   of  providin;;  a   branch    I'wcrf.irafnon 

.    ,      ,         ,  -111  I  yarm    I'S  3»«  to 

olhce  with   funds  to  meet  wit  lnlrawals,   (he  postmastjTprovi.ic    branch 

...  ,  *     I        I  111  oiUcTji » |U»  (unil*. 

may  authorize  the  superintendent  of  the  branch  to  <lraw 
drafts  on  tho  main  oflico  (Form  PS  .'i  16),  us  pn»vided  by 
I)ara;;ra[)h  4  of  this  section,  such  <lrafts  to  lie  entered  in 
the  re<-ords  ami  reports  of  both  the  bram-h  and  main 
ollice,  as  therein  provide<i. 

12.  A    branch    office   shall    be    furni-^hed    with    ]u,^i    ]      '"l^brJiih 

savijigs   certiticates,    cards,   stanii)s,    and    other  suj»j)li> 


4.". 


§1287  POSTAL    LAWS   AND   REGULATIONS. 

from  tlie  main  office,  and  such  transfers  shall  be  entered, 
as  provided  by  paragraph  4  of  this  section, 
statistical  re-  13.  A  Separate  statistical  report  on  card  Form  PS  541 
shall  be  forwarded  for  the  main  office  (including  stations) 
and  each  branch,  and  another  report  showing  the  con- 
sohdated  business  of  the  main  office  and  branches. 

(c)    Transfer  of  accounts. 

count  °^may^  b^     14.  The  accouut  of  a  postal  savings  depositor  may  be 

twe^n*^"^ stationl^  ^^^^s^^^red  between  stations  of  the  same  post  office  or 

branch  office."  ^between  a  station  and  the  main  office.     No  transfer  of 

accounts  shall  be  made  from  or  to  a  branch  office  or 

between  different  post  offices.     A  depositor  desiring  to 

transfer  his  account  shall  be  furnished  with  a  copy  of 

AppiicationForm  PS  612,  on  which  to  make  apphcation  for  the 

Form  PS  612.  ^   •    ^  i         •  i  f  fr> 

transfer,  which  must  be  submitted  at  the  office  where  the 

account  was  opened,  accompanied  by  all  of  the  depositor's 

Entries  on  cer- outstanding  postal  savings  certificates.     The  postmaster 

bluCflLBS    SXICI    QG~  ^  ^  1  • 

positor's  card,     or  his  representative  shall  write  on  each  certfficate  in  red 

ink   "Transferred   to   ,"    date   the  notation   and 

return  the  certificates  to  the  depositor.  Similar  entries 
shall  be  made  on  the  depositor's  card.  Form  PS  600, 
which  should  be  withdrawn  from  the  files  and  a  dummy 
card.  Form  PS  600,  substituted,  bearing  the  name  and 
account  number  of  the  depositor  and  the  date  of  issue 
and  serial  number  of  each  certificate  transferred.  The 
words  "Transferred  to  ,"  with  the  date  of  trans- 
fer, should  also  be  placed  on  the  dummy  card. 
Entry  in  Daily      J  5    'pj^g   amouut   of   Certificates   transferred   shall   be 

bummar  y      at 

transferring  office  ej^tered  in  the  summary  of  depositors'  accounts  in  the 
Daily  Summary  at  the  transferring  office  by  the  insert 
entry  "Transferred"  to  show  that  the  amount  mvolved 
is  to  be  deducted  from  the  total  to  be  accounted  for  in 
addition  to  the  certificates  paid. 

w^§fd.'^"°''^°'"  16.  The  apphcation,  Form  PS  612,  together  with  the 
original  depositor's  card  (Form  PS  600),  shall  then  be 
forwarded  at  once  by  registered  mail  to  the  station  to 
which  the  account  is  to  be  transferred.  In  the  case  of 
accounts  opened  prior  to  July  1,  1917,  the  same  pro- 
cedure shall  be  followed,  except  that  the  depositor's 
envelope  Form  PS  300  with  all  dupHcates  of  outstanding 
certificates  shall  be  transferred.  After  the  return  of 
Form  PS  612  properly  signed  it  should  be  forwarded  to 


46 


TITLE    IX POSTAL   SAVINOS  SYSTEM.       §1287,1^1288 

the  main  ofTico  niul  tninsmittod  with  the  next  monthly 
Account  Current  to  tho  Dopartmcnt. 

17.  When  un  account  is  received  hv  tninsfcr,  the  •*r«>«^iure  m 
suporintonilent  of  tho  receiving;  .station  .shall  mako  cortain 
that  tho  serial  mimhors  of  all  outstarulin};  ccrtificat*^  as 
siiown  hv  the  application,  Form  PS  012,  corn^spoiuL. ""«'.<" 'P^  o" 
With  tho  outrun  on  tho  depositor's  card  and  that  all  ciT- 
tilicates  outstandinjj  have  been  accounted  for.  If  found 
correct,  the  receipt  on  Form  PS  {\\'2  shall  he  sij^ned  aiul 
tho  form  returned  at  onco  to  the  oflico  from  which  tho 
account  was  transferred.  Tho  next  unused  account 
numher  shall  then  ho  entered  with  roil  ink  on  tho  trans- 
ferreil  depositor's  card,  and  tho  depositor  notifioil  at 
onco  hy  mail  to  enter  tho  new  numher  on  his  envelope 
(Fonn  PS  301)  and  to  present  his  certificates  as  soon  as 
jjossihlo  so  that  it  may  also  ])0  entered  on  them.  The 
entry  on  tho  orii^imil  certificates  shall  ho  mado  by  the 
representative  of  tho  postma.stor.  Until  this  is  done,  tho 
transferred  depositor's  card  shidl  he  filed  accordini;  to 
tlie  old  numher. 

IS.  Tho   aniimnt   of  certificates  received   hv    transfer    Entry  innaiiv 

I      11    I  1  1   •       ii  f     1  i        "•  i     Summary  ftt  r»- 

shall  he  entereil  m  tlie  summary  of  depositors    accounts c«ivin«oinc«. 
in  the  Daily  Summary  at  the  oflice  riM-eiving  the  account 
hy  an  insert  entry,  ''  Received  by  transfer,"  to  show  that 
the  amount  involved  is  to  be  added  to  the  totjd  to  be 
aciounletl  for  in  athlition  to  the  certificates  issued. 

XX.     MlS<  F-.LLANKorS    PlU  )V  ISION.'*. 

Sec.  1288.    Tho  final  judj^nicnt,  order,  or  i1i«<t»h>  of  any  court  of     A  d  J  ucllr«ii"n 
inprU-nl  juri.H«liriion  a(lju<iicatin^  any  ri^hl  «>r  int4'rf«t  in  tlie  cn-dii  rin.iTr     i-<     to 
of  ai'v  flum  (l«'po<«it»il  hy  any  p«T><on  with  a  p<»<tal  savinjpi  d"'p<«itory  j'  j''*' 

if  th<'  "ame  .•«hall  not  hav«>  In-i-n  appt-ah-d  from  and  th«'  linn*  for  ap{x>tU  ■    K 

haj«  expir*"*!  Hhall,   up^in  fluhmiwion   to  thi"   l'of<tn»a.'»t«T  (M-m-ral  of  a  ' 

copy  of  th<»  .Hani«>,  duly  authi>ntirat<-<l  in  th<'  mann<-r  provi«l«»<|  hy  tho 
law!t  of  th(>  I'nitf^i  Stat(<«  for  tho  authentication  of  tho  roc«>rdfl  and  judi- 
cial procoodiiiKS  of  tho  courts  of  any  Siato  or  Torritory  or  of  any  p^jitMt*- 
siou  nuhj(x;t  to  tho  juhiwliction  of  tlic  I'nitfHl  States,  whon  tlie  fiamo 
aro  provo<l  or  a«lmitt4><l  within  any  court  within  the  I'nito*!  Stat(«  bo 
a«ropto<l  and  pursuo*!  hy  tho  Hoard  of  Tru.Ht«^<)  a.-*  conrhwivo  of  tho 
tith',  rii;ht,  int'-rodt,  or  p<>  ■  a<ljudirat(Hi,  an«i   any  fiaymi'nt 

of  !»nid  flum  in  art-ordan*'*-  <'rd«'r,  judt^nnont,  or  dorroo  shall 

:■  '  -  '  a.<4  a  full  nn<l  '  i  tin*  t'nito<i  Stat««  fium  tho 

I  i.tr.i  '<r  domand  of  ai  i  lo  tho  name. 

.N<>TF.  -This  ntatuto  i«  hold  to  provido  for  rocognir-ini?  the  ludiria! 
dotormination  of  raws  involving  the  diaputod  ownorvliip  of  p<«tal 
savings  deposits,  butaince  moDe>'8  accepted  by  tho  Ctovemment  under 


§1288  POSTAL   LAWS  AND  REGULATIONS. 

tlie  postal  savings  act  assume  tlie  nature  of  public  funds  they  are  not 
subject  to  ordinary  proceedings  of  attachment,  garnishment  or  exe- 
cution (Buchanan  v.  Alexander,  4  Howard  U.  S.,  19;  14  Am.  &  Eng. 
Ency.  Law,  814;  Slunn,  Attachment  and  Garnishment,  sec.  505).  In 
order  to  be  recognized  as  affecting  the  title  to  postal  savings  deposits 
the  judgment,  order  or  decree  of  the  court  must  establish  specifically 
the  ownership  of  the  postal  savings  deposits  in  controversy. 

Legal  proceed-  2.  Postmasters  shall  promptly  report  to  the  Third 
profits  to  'be  re- Assistant  Postmaster  General,  Division  of  Postal  Savings, 
^°'  ^  ■  any  claim  made  or  legal  proceedings  instituted  for  the 

purpose  of  affecting  the  payment  of  postal  savings 
deposits,  forwarding  at  the  same  time  any  legal  papers 
served  upon  them  in  connection  therewith.  Payment  of 
withdrawals  involving  disputed  accounts  shall  be  with- 
held pending  instructions  from  the  Department. 

Privacy  of  ac-  3.  No  person  connected  with  the  Post  Office  Department  shall  dis- 
'^Toio'**  June  25  ^^^^^  *o  ^^y  person  other  than  the  depositor  the  amount  of  any  deposits, 
cli.  386,  see.  12, 36  unless  directed  so  to  do  by  the  Postmaster  General. 

Stat.,  818. 

No  information      4.  Postmastcrs  and  postal  employees  shall  not  disclose 

concemiug       ac-  ,  i  «  j.    i  ■  i  "^         •  j. 

countsto  be  given  the  name  01  any  postal  savings  depositor,  nor  give  any 

except  to  depos- .    j-  ,•  •  i-       i  j_       j_ 

itororrepresenta-iniormation   concemmg    a   particular   account,    to    any 

tive  of  bis  estate.  ,  i  ,  i  ,  i        j  •  i.        i  •  li*  i  •    n 

person  other  than  the  depositor  himseli,  unless  specially 
authorized  to  do  so  by  the  Third  Assistant  Postmaster 
General,  except  when  a  depositor  is  deceased  or  has  been 
adjudged  mentally  incompetent,  in  which  case  informa- 
tion relative  to  the  amount  on  deposit  may  be  furnished 
to  the  duly  appointed  legal  representative  or  the  next  of 
kin,  provided  that  nothing  in  this  regulation  shall  pro- 
hibit the  giving  of  such  information  to  post-office  inspec- 
tors. 

Funds    to    be     5.  Postal  savings  depositorj^  funds  shall  be  kept  separate  from  other 
mo^*^une^'25  fi^mds  by  postmasters  and  other  officers  and  employees  of  the  postal 
ch.  386,  sec.  12,  36  ser\ice,  who  shall  be  held    to  the  same  accountability  vmder  their 
"'  ^    '  bonds  for  such  funds  as  for  public  moneys. 

Postal  savings  6.  Postmasters  may  cash  out  of  postal  savings  funds 
cash  certain  ne-chccks  covcriug  interest  on  postal  savings  bonds  and  other 
e  paper,  ^j^g^j^  ^^  negotiable  paper  of  the  Postal  Savings  System 
provided  they  are  received  from  responsible  persons 
whose  indorsement  on  such  paper  the  postmaster  is 
wiUing  to  guarantee.  He  may  also  cash  out  of  such 
funds  coupons  covering  interest  on  postal  savings  bonds. 
Such  checks  and  coupons  must  he  included  in  his  next 
deposit  or  remittance  of  postal  savings  funds  in  lieu  of  a 
nice  amount  of  cash  and  so  treated  in  his  records  and  reports. 


48 


TITI.K    IX — POSTAL   SAVINGS   8YS'n-:M.  §1288 

7.   All  Mtatuttw  rolaliii^'  to  llio  sttfi'-ki'»'piiij;nf  uiui  pruiwr  urcnuiitiui'     Arrouat  Idk 
for  jHwiul  rtit'ipta  uro  miuli'  u(>pli(-ul>l(>  to  |M«4tal  Haviiipt  fun<I.H,  iiixl  llu»*         *"*' 
Pt)c<tiiia.'<t«T  (Ji-ru'ral   iiittv   roquirt'  fxintina><t«>r«,   iuwinlaiit   ix»«lma.sl<T», 
and  ilerkH  at  p«ie<lal  MivingH  dt-pucuturiit)  tu  givo  aiiy    utlditiunal  Ixnitl 
he  may  deoin  iii'<»'ewary.     (See  seen.  3(iO  and  3G1.) 

S.    riil)on(l('il    ilcrlcs    shall    m)t    bo    nssijrnod     to    (lu*    I'ontai  savina 

...  .  clerks  lo  li«  boiid- 

trunsnctum    of    postal    saviiip*    busiiu'ss    at    tli'p()sitorv«»J- 
oflict's.  unless  such  assi<;iiment  is  spo<'ially  aiithorizi'il  hy 
the  Fii-st  Assistant  Postniastor  Genenil. 
9.  The  faith  of  the  Unitod  Statos  i.«  Hoh>ninlv  pU^ij^'od  to  the  puvnunt     rinicr  fur  tt- 

,     ,         ,  •  1      •  1  ■  1  ■'  „•  -.1        '  1  p»)  inrnl    of    »!»• 

of  the  «IepotiitiJ  made  in  jxistal  .Muvinys  lii'iMieiiiory  olhces,  with  aciru*  d  p„sii.. 
interest  thereou  as  heri-iii  provided.  p,i' 

30.--- 
A.  S.  BlRLESON, 

Postvuu'ttcr  (Jcmral. 


49 


A  P  P  E  N  I)  I  X . 


AN  ACT  TO  ESTAIUJSir  POSTAL  SAVINGS  DKPOSITORIKS 
KDR  DEPUSlTlNlJ  SA\  IXCiS  AT  INTKKEST  WITH  THE 
SKt  ITvlTV  (,)!■'  THE  (K  »\  KKN.MKNT  R)R  REPAYMENT 
THEUEUE,  AND  EUR  OTHER  PL  KPOSES.' 

He  it  enacted  hy  Vie  Senate  and  House  of  HepresenUitivea 
of  Vie    United  StaUs  of  America  in   Congress  assembled, 
Tliat  thoro  bo.  aiul  is  h(»rol>v,  croatod  a  board  of  lrustot<s    noard  o<  trtw- 
for  tho  control,  supiM'vision,   and   ailniiiiistration  of  {\n^ 
postal  savings  depository  ollicos  dasignatod   and   (>stub- 
lisluul  nndtT  tho  provisions  of  this  act,  and  of  th(*  fuiuls 
riH-oivtHl   as   dt^posits   at   such   postal   savings  ilopository 
oflictvs  by  virtuo  thereof.     Saiil  board  shall  consist  of  tho    renonnej. 
Postmaster  Clcneral,  the  Secretary  of  the  Treasury,  and 
the   Attorney   Cleneral,   severally,   acting  ex   olliiio,   and 
shall  have  power  to  make  all  nocossary  and  proper  regu-    rowers, 
lations  for  tlu»  rec«Mpt.  transmittal,  custody,  deposit,  in- 
vt»stmont,  and  repayment  of  tho  fuiuls  dc^positeci  nt  postal 
savings  depository  ollicos. 

The  boaril  of  trustees  shall  submit  a  report  i<»  C  ongros  Kei»ort  to  <oo- 
at  the  begimiing  of  each  regular  session  showing  by  States 
and  Territorit^s  (for  tho  procotling  fiscal  year)  tho  number 
aiul  nanies  of  j>ost  oflices  receiving  tleposits,  the  aggrtv 
gute  amount  of  deposits  made  therein,  the  aggregate 
amount  of  withdrawals  therefn)m,  tlu^  number  of  deposi- 
tors in  each,  the  total  amount  standing  to  tlie  credit  of 
all  depositors  at  tho  conclusion  of  the  year,  the  amount  of 
such  deptwits  at  intorost,  tho  amount  of  interest  received 
thenMtn,  tho  amount  of  inten^t  paid  then»on.  tho  amount 
of  dt>posits  surrendenxl  ]ty  dejM>sitors  for  b«)nds  issui'd  by 
authority  of  this  act,  and  tho  nunitx^r  and  amoiuit  of 
unclaimed  deposits.  .Vlso  the  amount  inv(**tod  in  Govern- 
ment siMUrilies  by  tho  trustivs,  the  amount  of  extra  ex- 
p<Mis<»  of  tho  Post  Oflico  Department  and  tho  jx^tal  8or^•ico 
incident  to  tho  opt^ration  of  tiie  [xistal  savings  depository 
avstem,  [the  amount  of  u^yrk  done  for  Vie  suntujs  <// ix»W-  •* T •  f  "^ •.* .'^ 
tifnj    fffjsitm    by    Vie    PoH    Ofice    Department    ami  /)^».s/.  "=• 

serria    in  the  transportation  of  free   mail,]  and   all  other-  "^ 

facts  which  it  may  de<^m  pertinent  and  proper  to  present. 

I  AnModcd  by  acts  of  Aog.  M.  1913  (m*  p. »),  StpL  S,  1914  (■••  p.  O),  ud  May  U, 

1916  (9M  p.  61). 

51 


POSTAL    LAWS    AND   REGULATIONS. 

Bracketed      [Sec.  2.   That  the  Postmastev  General  is  hereby  directed 

section  in  italics  _    .  .  "^ 

amended  by  the  to  prepare  and  tssue  specnai  stamps  of  the  necessary  de- 

act  of  September         ^  .  .  -  •       t  r  t,  r         n     n  n 

23,1014.  See  page  710 m^naf^07^s  jor  use,  in  lieu  oj  penalty  or  Jrankea  envel- 
opes, in  the  transmittal  of  free  mail  resulting  from  the 
administration  of  this  acti\ 

Postal  savings     Sec.  3.  That  Said  board  of  trustees  is  hereby  author- 
depository  offices. .       ,,  i.i-j_  1  .^     ai  -i 
ized  and  empowered  to  designate  such  post  oifaces  as  it 

may  select  to  be  postal  savings  depository  offices,  and 

each  and  every  post  office  so  designated  by  order  of  said 

board  is  hereby  declared  to  be  a  postal  savings  depository 

office  within  the  meaning  of  tliis  act  and  to  be  authorized 

and  required  to  receive  deposits  of  funds  from  tiie  public 

and  to  account  for  and  dispose  of  the  same,  according 

to  the  provisions  of  this  act  and  the  regulations  made  in 

Hours  of  busi- pursuance  thereof.  Each  postal  savings  depository  office 
shall  be  kept  open  for  the  transaction  of  business  during 
such  hours  as  the  Postmaster  General,  with  the  approval 
of  the  board  of  trustees,  shall  direct. 

Opening  of  ac-  Sec.  4.  That  accounts  may  be  opened  and  deposits 
coun.s.  made  in  any  postal  savings  depository  established  under 

Age  of  deposi-  this  act  by  any  person  of  the  age  of  ten  years  or  over,  in 

Married  women,  his  or  her  owu  uamc,  and  by  a  married  woman  in  her 
own  name  and  free  from  any  control  or  interference  by 

One  person,  one  her  husbaiid;  but  no  person  shall  at  the  same  time  have 
more  than  one  postal  savings  account  in  his  or  her  own 
right. 

Passbooks.  Sec.  5.  That  the  postmaster  at  a  postal  savings  deposi- 

tory office  shall,  upon  the  maldng  of  an  appUcation  to 
open  an  accoimt  imder  tliis  act  and  the  submission  of  an 
initial  deposit,  dehver  to  the  depositor  a  pass  book  free 
of  cost,  upon  which  shall  be  ^vritten  the  name  and  signa- 
ture or  mark  of  the  depositor  and  such  other  memo- 
randa as  may  be  necessary  for  purposes  of  identification, 
in  which  pass  book  entries  of  all  deposits  and  withdrawals 

Device  in  lieu  shall  be  made  in  both  figures  and  writing :  Provided,  That 

o  pass  00  s.      ^^^  Postmaster  General  may,  with  the  approval  of  the 

board  of  trustees,  adopt  some  other  device  or  devices  in 

lieu  of  a  pass  book  as  a  means  of  making  and  preserving 

evidence  of  deposits  and  withdrawals. 

Deposits:  Sec.  6.  That  at  least  one  dollar,  or  a  larger  amount  in 

dollar.  multiples  thereof,  must  be  deposited  before  an  account  is 

douar.  '^  ^  "  Opened  with  the  person  depositing  the  same,  and  one  dol- 
lar, or  multiples  thereof,  may  be  deposited  after  such 


APPKNDIX. 

account  hns  l)00ii  oponctl,  [but  no  one  shall  be  perniitttil  to    Bracketed 
deposit  ntoit  thtin  one  Imndrtd  dollars  in  am/  onr  cahndm 
month]:  Prov'idtd,  Tliat   in   orilrr   that    sinallcr   aiiKniiii 
may  bo  accumulatiMl  f. .r  deposit  any  poi"son  may  purchnsi" 
for  ten  cents  from  any  depository  o(lici>  a  jiostal  savinj^s    loftii  >^«vinic» 
card  to  wliicli  mav  he  attached  specially  i)rcparc«l  aidiie-    i"<*.*int  saving* 
sive  stamps,  to  bo  known  as     postal  savings  stamps,    and 
when  the  stamps  so  attached  amount  to  one  tlollar,  or  a 
larj^er  sum   in    multiples   thereof,  including   the  ten-cent 
postal  savings  card,  the  samo  may  be  j)resented  as  a  de- 
posit for  opening  an  account,  and  adilitions  may  he  made 
to  any  account  hy   means  of  such  card   and  stamps  in 
amounts  of  one  dollar,  or  multi|des  thereof,  and  when  a 
card  and  stamps  thereto  attached  are  accepted  as  a  de- 
pt)sit  the  j)ostmaster  shall  immediately  cancel  the  same. 
It  is  hereby  made  the  duty  of  the  Postmaster  General  to    saio  of  postal 

,  ,    ,  .  ,  1,1-  savlnrt  curds  and 

prepare   sucli   postal   savings   cards   and    postal   savings suunpi. 
stamps  of  denominations  of  ten  cents,  antl  to  keep  them 
on  sale  at  every  postal  savings  de|H)sitorv  office,  and  to 
prescribe  all  necessary  rules  and  regulations  for  tlie  issue, 
sjde,  and  cancellation  thereof. 

Sec.  7.  Tliat  interest  at  the  rate  of  two  per  centum    int^ost  on  <!•• 
per  annum  shall  be  allowed  and  enteretl  to  the  credit  of    Kntorc«i  once  • 
each  depositor  once  m  eacli  year,  tlic  same  to  bo  computed 
on  such  basis  and  under  such  rules  and  regulations  as  the,JiU^'^*'*^**'**^ 
boani  of  trustees  may  prescril>o;  but  interest  shall  not 
be  com|)uted  or  allowed  on  fractions  of  a  dollar:  \I*rt*-    i«raek«i«d 
voided,  That  the  balance  to  the  credit  of  any  one  pers(tn  shu' 
never  be  allowed  to  exceed  jive  hundred  dollars,  eielus-ire  t>j  .  .      .,  .►•-£! 
a  ecu  m  ulatetl  i  nterest]. 

Sec.  8.  That  any  depositor  may  witiulraw  the  whole  \MtMrt»«ai  ot 
or  any  part  of  the  funtls  deposited  to  his  or  her  credit,  i  >» i  ir»ra  iw-ai 
witli  tiie  accrued  interest,  upon  demand  and  under  such 
regulations  as  the  l)oard  of  trustet^  may  prt'scribc. 
Withdrawals  shidl  be  paid  from  the  depositw  in  the 
State  or  Territory,  so  far  as  the  postal  fund.s  (»n  dep«»sit 
in  such  State  <)r  Territory  nuiy  be  sudicient  f<»r  the 
purpose,  and,  so  far  as  practicable,  from  the  deposits 
in  the  community  in  which  the  deposit  wa**  made.     No    nank»no«tor«>. 

11-  I   •     1         "  1  *  I  I      11     1  1  cpire  oxrhanrr  Of 

bank  in  winch  j>ostal  savings  funds  shall   be  (k'positedou»«r(«*-' 
shall  receive  any  exchange  or  other  fees  or  compensation 
on  account  of  the  cashing  or  collection  of  any  checks  or 
the  performance  of  any  other  service  in  connection  with 

the  post.'d  -.jivin"-,   dfpo^ilorv  system. 


POSTAL    LAWS   AND   REGULATIONS. 

^  ,  [Sec.  9.    That  postal  savings  funds  received  under  the 

Bracketed   sec-  ..  r    t  •  tittt  •      t    •  n  n        i 

tion  in  italics  su-  vrovistons  of  this  act  shaU  be  deposited  m  solvent  banks, 

perseded  by  sec--^  ^     .  .      ^  . 

tion2  oi  the  act  oiufhether  oroamzed  under   JSational  or  State  laws,    being 

May  18, 1916.    See       _  ^^      .  ,  „  .    .  ,  !         .      ^ 

page  26.  sub]ect  to  National  or  btate  supervision  and  examination, 

and  the  sums  deposited  shall  hear  interest  at  the  rate  of 
not  less  than  two  and  one-fourth  per  centum  per  annum, 
which  rates  shall  he  uniform  throughout  the  United  States 
and  Territories  thereof;  hut  five  per  centum  of  such  funds 
shall  he  withdrawn  hy  the  hoard  of  trustees  and  Tcept  with 
the  Treasurer  of  the  United  States,  who  shall  he  treasurer 
of  the  hoard  of  trustees,  in  lawful  money  as  a  reserve. 
The  hoard  of  trustees  shall  take  from  such  hanks  such 
security  in  public  bonds  or  other  securities,  supported  hy 
the  taxing  power,  as  the  hoard  may  prescribe,  approve, 
and  deem  sufficient  and  necessary  to  insure  the  safety 
and  prompt  payment  of  such  deposits  on  denmnd.  The 
funds  received  at  the  postal  savings  depository  offices  in 
each  dty,  town,  village,  and  other  locality  shall  he  de- 
posited in  hanks  located  therein  {substantially  in  pro- 
portion to  the  capital  and  surplus  of  each  such  hank) 
willing  to  receive  such  deposits  under  the  terms  of  this 
act  and  the  regulations  made  hy  authority  thereof,  hut 
the  amount  deposited  in  any  one  hank  shall  at  no  time 
exceed  the  amount  of  the  paid-in  capital  and  one-half  the 
surplus  of  such  hank.  If  no  such  hank  exist  in  any  city, 
town,  village,  or  locality,  or  if  none  where  such  deposits  are 
made  will  receive  such  deposits  on  the  terms  prescribed, 
then  such  funds  shall  he  deposited  under  the  terms  of  this 
act  in  the  hank  most  convenient  to  such  locality.  If  no 
such  hank  in  any  State  or  Territory  is  willing  to  receive 
such  deposits  on  the  terms  prescribed,  then  the  same  shall 
he  deposited  with  the  treasurer  of  the  hoard  of  trustees,  and 
shall  he  counted  in  making  up  the  reserve  ofUve  per  centum. 
Such  funds  may  he  withdrawn  from  the  treasurer  of  said 
hoard  of  trustees  and  all  other  postal  savings  funds,  or  any 
part  of  such  funds,  may  he  at  any  time  withdrawn  from 
banks  and  saving  depository  offices  for  the  repayment  of 
postal  savings  depositors  when  required  for  that  purpose. 
Not  exceeding  thirty  per  centum  of  the  amount  of  such 
funds  may  at  any  time  be  withdrawn  by  the  trustees  for 
investment  in  bonds  or  other  securities  of  the  United  States, 
it  being  the  intent  of  this  act  that  the  residue  of  such  funds, 
amounting  to  sixty-five  per  centum  thereof,  shall  remain 
on  deposit  in  the  hanks  in  each  State  and  Territory  wiU- 

54 


I 


APPKNDIX. 

'in(j  to  receive  the  same  itiultr  tin-  tirms  of  thit  art,  antl 
sliiiU  he  a  worlcing  biihince  and  also  a  fund  which  nmij  be 
mthdrawn  for  invtstnunt  in  bonds  or  other  securities  of 
the  United  States j  but  only  by  direction  of  the  President, 
and  only  lohen,  in  his  judgment,  the  general  welfare  and 
the  interests  of  the  Inited  States  so  require.  In t> rest 
and  profit  accruing  from  the  deposits  or  investment  of 
postal  savings  fun^Is  shaU  be  applied  to  the  pa>/ment  if 
interest  due  to  postal  sanngs  depositors  as  hereinbeftre 
prov'uled,  and  the  excess  thereof,  if  any,  shall  be  covered 
into  the  Treasury  of  the  Vnited  States  as  a  part  of  the 
postal  revenue:  Pronded,  That  postal  savings  funds  in 
the  treasury  of  saul  board  shall  be  s^ibject  to  dispos-ition 
as  pronded  in  this  act,  and  not  otheriiyise:  And  provided 
furthtr.  That  the  board  <f  trustees  may  at  any  time  dis- 
pose of  bonds  held  as  postal  savings  investments  and  use 
the  proceeds  to  meet  withdrawals  of  deposits  by  depositors. 
For  the  purposes  of  this  act,  the  word  '*  Territory,"  as  used 
hcrtnn,  shaU  be  held  to  include  the  District  of  Columhia, 
the  District  of  Alaska,  and  Porto  Rico,  and  the  word 
"hanh"  shall  be  heUl  to  include  sailings  banks  and  trust 
companies  doing  a  banting  business.] 

Skc.  10.  That  niiy  depositor  in  a  postal  saving  '^^''iKjnXs'"'  '^""*' 
[lositon*  may  surriMultT  liis  tlcjjosit.  or  any  part  thereof, 
in  sums  of  twenty  dollars,  fortv  doUtirs,  sixty  dollars,  ,  ^tdi^n^o     o< 
eiijlity    dollars,    one   luindreii    ilollai-s,    and    multijiles   of 
one  hundred  dollars  and  live  lumdred  dollars,  and  receive 
in  lieu  of  such  surrendered  deposits,  urnU'r  such  re<;uhi- 
tions  as  may  be  estahlislied  by  the  hoard  of  trustees,  tlio 
amount    <»f   tlie   surrendered    deposits   in    Inited    States 
coupon    or    repistere*!    bonds    of   the    denominations    of    Denomin*- 
twenty   doHars.   forty   dollars,  sixty  dollars,   eij^lity  dol- 
lars,   one    hundred    doljurs.    and    live    hundred    dolhirs.    int«/e«t. 
which  bonds  shall  bear  interest  at  the  rate  of  two  and 
one-half  per  centum  per  annum,  payable  semiamiually, 
and  be  redceiiiahh'  n\   the  nh-asure  of  tlie  TnittMl  Statj'S    u*rte«'m«j.ie »i- 
after  one  year  from  the  date  of  their  issue  and  i)aya!)le    i'»«>»>ic    »iw 

,  II  111  i'  .  '''•"'r  >^«ni,  in 

twenty  years  from  stich   date,   and   l)f»th   pnncij>al   an<l(co'->'-«'n- 

interest  sliall  l)e  j)uyable  in  United  Stat«'s  Rohl  coin  »»f  the 

present   standard    of    value:  Provided,  Tliat    the    !)onds    Wh*n     »>oo.ta 

herein  authorized  shtdl  !>e  isstied  only  (first)  wlien  there"^'^      ''"*^' 

are  outstanding  bomls  of  the  l'nite<l  States  subject  to 

call,  in  which  case  the  procewls  of  the  bonds  shall  be 

applied  to  the  redemption  at  par  of  outstandinjj  bonds 


5ft 


•      POSTAL    LAWS    AND   REGULATIONS. 

of  the  United  States  subject  to  call,   and   (second)   at 
times  when  under  authority  of  law  other  than  that  con- 
tained in  this  act  the  Government  desires  to  issue  bonds 
for  the  purpose  of  replenishing  the  Treasury,  in  wliich  case 
the  issue  of  bonds  under  authority  of  tliis  act  shall  be 
in  lieu  of  the  issue  of  a  Uke  amount  of  bonds  issuable  under 
authority  of  law  other  than  that  contained  in  this  act: 
rfetsury^tJ ml  Provided  further,   That   the    bonds   authorized    by   tliis 
ofbond'I^u'e*.'"''' act  shall  be  issued  by  the  Secretary  of  the  Treasury 
teS°mV^inv^t under  such  regulations  as  he  may  prescribe:  And  'pro- 
ifotKis!^'^' ^^'^^^^^'^'^^^^  Z'^^'^^^^j    That  the  authority  contained  in  section 
nine  of  this  act  for  the  investment  of  postal  savings  funds 
in  United  States  bonds  shall  include  the  authority  to 
invest  in  the  bonds  herein   authorized  whenever  such 
bonds  may  be  lawfully  issued :  And  provided  further,  That 
Exempt  from  the  bouds  herein  authorized  shall  be  exempt  from  all 

taxation.  n  c 

taxes  or  duties  of  the  United  States  as  wen  as  from  taxa- 
tion in  any  form  by  or  under  State,  municipal,  or  local 

Not  receivable  authority :  And  provided  further,  That  no  bonds  author- 
as  security  for  is-  -^  -t^  -^  •■ 

sue  of  circulating  i2ed  by  this  act  shall  be  receivable  by  the  Treasurer  of 

notes  by  national  -^  „,.„.,. 

banks.  the  United  States  as  security  for  the  issue  oi  circulating 

notes  by  national  banking  associations. 

uS^^'^stati^s     Sec.  11.  That  whenever  the   trustees   of   the  postal 

bonds.  savings  fund  have  in  their  possession  funds  available  for 

investment  in  United  States  bonds  they  may  notify  the 
Secretary  of  the  Treasury  of  the  amount  of  such  funds 
in  their  hands  which  they  desire  to  invest  in  bonds  of  the 
United  States  subject  to  call,  whereupon,  if  there  are 

fo^redtmption^'^  United  States  bonds  subject  to  call,  the  Secretary  of  the 
Treasury  shall  call  for  redemption  an  amount  of  such 
bonds  equal  to  the  amount  of  the  funds  in  the  hands  of 
the  trustees  which  the  trustees  desire  to  tlius  invest,  and 
the  bonds  so  called  shall  be  redeemed  at  par  with  accrued 
interest  at  the  Treasury  of  the  United  States  on  and 
after  three  months  from  the  date  of  such  call,  and 
interest  on  the  said  bonds  shall  thereupon  cease:  Pro- 
Bonds  reissued  mt^ec?    That   the   said   bonds   when   redeemed   shall  be 

to  board  of  trus-       .  ,  i,,  •  ,t         ,       ^  •       ,^     • 

tees.  reissued  at  par  to  the  trustees  without  change  m  their 

terms  as  to  rate  of  interest  and  date  of  maturity:  And 

Redemption  of  provided  further,  That  the  bonds  so  reissued  may,  in  the 

'  discretion  of  the  Secretary  of  the  Treasury,  be  called  for 

redemption  from  the  trustees  in  like  manner  as  they 

were  originally  called  for  redemption  from  their  former 


56 


AIM'KNDIX. 

owriors  wlionovor  there  are  fuiuU  in  tlio  'rreastiry  of  the 
I'liited  States  availahle  for  siicli  nMh'mj)tion. 

Skc.    IJ.  Tliat  postal  savini^  depository  fniuls  shall  bo    •"•rtai  nrinKn 

,  .  1^11  '  II         f>in<ls  to  I>«  knpt 

kept  separate  iroin  other  fumis  hv  poslinasttM-s  and  other-^'^" »««•  I'y  r""i- 

ollicers  ami  empli>yees  of  tlio  postal  service,  who  shall  ho 

held   to   tlie  same  aeeoiiiitahilit y   under  their  honds  for 

siieli   fiHuls  as   for   pMl)lie   moneys;   and    no   pei'son   eon- 

iie<i«'d  witl\  the  Post  Ollice  Department  shall  ihselose  to^»*^»»^  »»••<* 

any  person  othiM'  than  the  depositor  tho  amount  of  any 

ileposits,  mdess  (hrected  so  to  do  hy  tlie  Postmaster  (ien- 

eral.     All   statutes    rehitinj:;    to    the   safekeeping;   of   and^  '^'T!   "'''*'.'n|| 

proper  accoimtinj;  for  postal  receipts  are  ma«le  applicable  j;  '« 

to  ])ostal  saving  funds,  and  the  Postmaster  (leneral  may 

re(|uire  postmasters,  assistant  postmastei-s.  and  ( lerks  at 

postal  savings  depositories  to  f^^ive  any  additional  bond  he^^J***'*'"""' 

may  tleeni  nec<>ssary. 

[8kc.  1.3.    That  additianal  compensation  skull  ht  allowed ^^]^^'',}*y*'^^ 
jtontmaMers  at  post  ojices  of  the  fourth  class  for  the  trans- '^\  • 

action  of  postal  sailings  depositorn  business.  Such  cow-^s, i"  ..  j^ik-o 
pensation  shall  not  exceed  oiw-fourth  of  one  per  centum 
on  the  average  sum  upon  which  interest  is  paid  each  calendar 
ijiar  on  receipts  at  such  post  office,  and  shall  he  paid  from 
the  postal  rt  venues;  but  postmasters,  assistant  postma.stns, 
chrks,  or  other  employees  at  post  offces  of  the  presidential 
grade  shall  not  receive  any  additional  compi  nsation  for 
such   service.] 

Sm  .  14.  That  the  sum  of  one  hundred  thousand  d«dlars  .Kpproprinuoo. 
is  hereby  appropriated,  out  of  any  money  in  the  Tn-a^ury 
not  otherwise  apj>ropriated,  <ir  so  mucii  thert-of  as  may  bo 
m'<essary,  to  enable  the  Postmaster  Clenerul  and  tho 
board  of  tnist<M's  to  establish  postal  savinp^  depositories 
in  ar<-ordan<'e  with  the  provisions  (»f  this  act,  including 
the  reimbursement  of  the  SiH-rctury  of  tho  Treasury  for    ^  ;•- 

cxpen.^t^s  incident  to  the  preparation,  issue,  and  registra-o! 
tion  of  the  bonds  autliori/ed  in  this  act;  and  the  Post-,  "I 

master  General  is  authorized  to  re(|uire  postmasters  ai  'J^ 

other  postal  ofIi<ers  and  employe<*s  to  transact,  in  <*""-„.^i;u^i«^.  '" 
n«M"tion    with    their   other    duties,   su<h    postal   savings 
depository  business  as  mav  be  necessary:  and  he  is  also    ^ 
authorized  to  make,  and  with  the  approval  of  the  board        -  •       -: -»t 
of    trustees   to   pr»>mulgate,   antl  from  time  to  time   t^  •- 

modify  or  revoke,  subje<t  to  the  approval  of  saiil  lM)ard  »<  i-**^  «  m* 
such  rules  and  repilations  not  in  conflict  with  law  as  he 


POSTAL   LAWS   AND   KEGULATIOIsrS. 

may  deem  necessary  to  carry  the  provisions  of  this  act 
into  effect. 
crTmi'ntr^su't^-  ^^^-  ^^'  That  all  the  safeguards  provided  by  law  for  the 
^Hclibi™to^  os^tai  protection  of  pubhc  moneys,  and  all  statutes  relating  to 
savings  funds,  ^^q  embezzlemeut,  conversion,  improper  handhng,  reten- 
tion, use,  or  disposal  of  postal  and  money-order  funds  and 
the  punishments  provided  for  such  offenses  are  hereby 
extended  and  made  applicable  to  postal  savings  deposi- 
tory funds,  and  all  statutes  relating  to  false  returns  of 
postal  and  money-order  business,  the  forgery,  counter- 
feiting, alteration,  improper  use  or  handling  of  postal  and 
money-order  blanks,  forms,  vouchers,  accounts,  and  rec- 
ords, and  the  dies,  plates,  and  engravings  therefor,  with 
the  penalties  provided  in  such  statutes,  are  hereby  ex- 
tended and  made  appUcable  to  postal  savings  depository 
business,  and  the  forgery,  counterfeiting,  alteration,  im- 
proper use  or  handhng  of  postal  savings  depository 
blanks,  forms,  vouchers,  accounts,  and  records,  and  the 
dies,  plates,  and  engravings  therefor. 
Pledge  for  re-     Sec.  16.  That  the  faith  of  the  United  States  is  solemnly 

payment    of    de-  c     n         i  •  i       •  i 

posits.  pledged  to  the  payment  oi  the  deposits  made  m  postal 

savings  depository  offices,  with  accrued  interest  thereon 
as  herein  provided. 
Adjudication     Sec.  17.  That  the  final  iudgment,  order,  or  decree  of 

of  courts  will  be  .       P  ...      .  , ,  '    .         . 

conclusive  as  to  auv  court  01   Competent  lurisdiction  adiudicatmg  any 

I'lj^lits    in     n  OS  till  x  j  j  cj  »/ 

savings  funds,  right  or  interest  in  the  credit  of  any  sums  deposited  by  any 
person  with  a  postal  savings  depository  if  the  same  shall 
not  have  been  appealed  from  and  the  time  for  appeal  has 
expired  shall,  upon  submission  to  the  Postmaster  General 
of  a  copy  of  the  same,  duly  authenticated  in  the  manner 
provided  by  the  laws  of  the  United  States  for  the  authen- 
tication of  the  records  and  judicial  proceedings  of  the 
courts  of  any  State  or  Territory  or  of  any  possession 
subject  to  the  jurisdiction  of  the  United  States,  when  the 
same  are  proved  or  admitted  within  any  other  court 
within  the  United  States,  be  accepted  and  pursued  by  the 
board  of  trustees  as  conclusive  of  the  title,  right,  interest, 
or  possession  so  adjudicated,  and  any  payment  of  said 
sum  in  accordance  with  such  order,  judgment,  or  decree 
shall  operate  as  a  fuU  and  complete  discharge  of  the 
United  States  from  the  claim  or  demand  of  any  person  or 
persons  to  the  same. 

Approved,  June  25,  1910. 


58 


APPENI>IX. 

AN  ACT  MAKING  APPROPRIATIONS  FOR  TMK  SERVICE  OP 
THE  POST  ori' ICE  DKI'ARTMKNT  FOR  THE  FISCAI,  YEAR 
ENDING  JINE  TllliniErH,  NINETEEN  Hl'iNDREL)  AND 
THIRTEEN,  AND  FOR  UTHEli  PURPOSES. 

Jit  it  enacttil  by  thi  ^tiiatc  a  ml  Jlou^e  of  Jii  j>nt<ent(ttives 
of  (he   I  iiittd  ^tatts  of  Amtriva  in  Congnas  afistnthlid, 

>  :♦;  )f:  *  + 

buc.    ID.  *  *  *   .!/<(/  [ivovldid  fuvtiur,  'V\\x\{   all  t'.\|>tinli-    Audit, 
tuifs  in  tlio  Postal  Saviuj^s  Sy.stoiii  shall  be  autlil('<l   by 
till"  Auditt)!*  for  tlu>  Post  Ollico  Depart uu'ii I :     And  pro- 

i*idtd  furtlttr,   That   tho   Postniastrr  Cu'iuTal  shall  select     '  r 

(,. 

ami   ilesimiate   the   |)ost   ollices   whieh   are   to  be   postal  lo 

.  .  .  !  oiiid  . 

savinj^s  depository  ollices,  and  shall  appoint  and  lix  tho    lo  mnke  sp- 

.  r  '  »  •  1  •  |H)luinunU. 

eonipensatn)n  of  such  supernitendents,  uispectoi-s,  and 
other  eniployei*s  as  nniy  be  necessary  in  conducting, 
supervising,  and  ilirecting  the  business  of  such  ollices, 
including  the  eni|>loyees  of  a  ci-ntral  ollici'  at  Wasiiington, 
District  of  C'ohnnbia,  and  shall  prescribe  the  houi-s  dur-.  •■»     prc»rii,o 

.  . '  .      hours  o(  inuluoiiA. 

ing  which  postal  savings  depository  ollices  shall  remain 

oj)en.     He  shall  also  from  time  to  tinu*  make  mles  and,  .'  'j 

regidations   with   respect   to   the   deposits   in   and   with-'  '• 

drawids  of  moneys  from  postal  savings  depositorii-s  and 

the  i.ssue  of  pass  books  or  such  other  devices  as  he  nuiy 

adopt  as  evidence  of  such  deposits  or  withdrawals.     Tho 

e    .\  .  II  .  .       ft, I  Art  of  June  25, 

provisions  of  tho  ait  aj)proveil  «lune  twenty-lift h,  mno-i9io. luucu-icJ. 
teen  hundred  ami  ten,  are  here])y  modified  accordingly. 

«  *  *  *  *  4c  V 

.V]>pri>vcd,  .Vugust  24,  l'.»l_'. 


AN  ACT  TO  AMEND  THE  A<'T  APPRoS  ED  MAY  NINTH, 
EIGHTEEN  HINDRED  AND  EIGHTY-EIGHT,  AS  AMENDED 
HY  THE  A<  T  OF  JINE  ELEVENTU,  EIGHTEEN  ULNDKED 
AND  NINETY -SIX. 

Bt  it  enacUd  by  the  Senate  and  Uouse  oj' lit prtstnUUives 
of  ilie  United  Stiitea  of  America  in  Congress  assentbUd, 
That  tho  act  autlu»rizing  tlu^  Postiiuuster  Cloneral  to 
adjust  certain  claims  of  postmasters  for  l«>ss  by  burglary, 
fin^,  or  other  unuvoidablo  casualty,  approved  May  ninth, 
eighteen  hundre<l  and  eightyH«ight .  as  ainiMided  hy  tho 
act  of  tlune  eleventh.  (>i<;hteen   hundred  and    nmetv-^ix. 


00 


POSTAL    LAWS   AXD   REGULATIONS. 

be,  and  the  same  is  hereby,  amended  so  as  to  read  as 
follows : 
Postmaster      "That  the  Postmaster  General  be,  and  he  is  hereby, 
tigate  and  pay  authorized  to  investigate  all  claims  of  postmasters  for 

claims  for  losses  ,tt  »  ici  ,ipi  ,    ■% 

by  casualty.        the  loss  01  money-order  lunds,  postal  lunds,  postal  sav- 

Postal    savings  •  /.        i  ,  ,  j  i  i 

funds,       cards,  mgs  lunds,  postage  stamps,   stamped  envelopes,  news- 
stamps,  and  cer-  .    i  ■•  i    -i  •  i  ,    t 

tificates included,  paper  Wrappers,  postal  cards,  postal  savmgs  cards,  postal 

savings  stamps,  and  postal  savings  certificates  belongmg 

to  the  United  States  in  the  hands  of  such  postmasters, 

and  for  the  loss  of  key-deposit  funds,  funds  deposited  to 

cover  postage  on  mailings,  and  funds  received  as  deposits 

to  cover  orders  for  stamped  envelopes,  in  the  hands  of 

such  postmasters,  resulting  from  burglary,  fire,  or  other 

unavoidable  casualty,  and  if  he  shall  determine  that  such 

loss  resulted  from  no  fault  or  negligence  on  the  part  of 

such  postmasters,  to  pay  to  such  postmasters  or  credit 

them  with  the  amount  so  ascertained  to  have  been  lost 

or  destroyed,  and  also  to  credit  postmasters  with  the 

amoimt  of  any  remittance  of  money-order  funds,  postal 

funds,  or  postal  savings  funds  made  by  them  in  com- 

phance  with  the  instructions  of  the  Postmaster  General, 

which  shall  have  been  lost  or  stolen  while  in  transit  by 

mail  from  the  office  of  the  remitting  postmaster  to  the 

office  designated  as  his  depository,   or  after  arrival  at 

such  depository  office  and  before  the  postmaster  at  such 

Provisos.         depository  office  has  become  responsible  therefor:  Pro- 
Losses       over      X  c/  X 
$10,000  to  be  re-mded,  That  no  claim  exceeding  the  sum  of  $10,000  shall 

gress.  be  paid  or  credited  until  after  the  facts  shall  have  been 

ascertained  by  the  Postmaster  General  and  reported  to 

Congress,    together  with   his   recommendation    thereon, 

and    an    appropriation    made    therefor:  And    provided 

Limitations,  further,  That  this  act  shall  not  embrace  any  claim  for 
losses  as  aforesaid  which  accrued  more  than  four  years 
prior  to  the  date  of  approval  of  this  act;  and  all  such 
claims  must  be  presented  withm  six  months  after  such 
date,  and  no  claims  for  losses  which  may  hereafter  accrue 
shall  be  allowed  unless  presented  within  six  months 
from  the  time  the  loss  occurred." 

Annual  report,  gec.  2.  That  it  is  hereby  made  the  duty  of  the  Post- 
master General  to  report  his  action  herein  to  Congress 
annually,  with  his  reasons  therefor  in  each  particular 
case. 

Approved,  January  21,  1914. 


60 


AI'I'KNIMX. 

A.N  ACT  TO  AM  KM)  THE  ACT  Al'l'l;()\  i:if  JINK  TWKNTY- 
lirni,  NINKTKK.N  HCNDIU:!)  AND  TKN,  EN  TIT  IK  I)  'AN 
ACT  TO  KSTAin.lsn  roSTAK  SAVINdS  DKrOSIToKIES 
Foil  DEPOSITINC  SAVINCJS  AT  INTKKKST  WITH  THE 
SECrUlTV  OK  THE  (lOVKUN.MKNT  Koll  REPAYMENT 
THEHEOK,  AND  KOK  OTHKU  I'LKPOSES." 

Be  it  enacted  by  the  Senute  and  Jloiiae  oj' licpnscntatives 
of  the  United  States  of  Ainerica  in  Cun^ress  assembled, 
Tlmt  sections  two  aiul  thirtron  of  llu^  act  appiovcMl  Juno 
Uvoiity-fifth,  iiinotorii  liuiulivd  ami  ton,  oMtitlc<l  ■An  act 
to  establish  postal  saviiij^  tlopositorios  for  dopositing 
saviiij^s  at  iiitrn'st  with  the  socurity  of  th(»  (lovcriimrnt 
for  rojiaymcnt  thoro(»f,  aiul  for  other  purposes,"  l)o 
lierehy  aiuendod  to  read  as  follows: 

"Skc.  2.  That  j)n>visioiis  of  section  tlireo  of  the  net  .'  ;'^'fi 

of  Julv  fifth,  eiirhteeu  hundred  and  ei^rhtv-four,  entitled'"  ;"« 

*.\ji  act  makinj;  appropriations  for  tho  service  of  tho™""*^''- 
Post  Olliee  Department  for  tlu»  fiscal  yj'ar  endinj;  .Imio 
thirtieth,  eighteen  hundred  an<l  eighty-five,  and  for  other 
])urposos,'  arc  hereby  extended  and  made  applical)le  to 
all  oflicial  mail  matter  pi^rtainiiig  to  the  husiiu'ss  of 
the  postal  savings  svstem;  and  hereafter  tho  board  of  f ""^t «f '-"rrtag 
trustees  for  the  contnd,  sup<>rvision,  and  administration {|  [^ 

of  the  postal  savings  depository  system  shall  not  be'' 
refjuired  to  show  in  the  annual  rej)ort  j)rescrihed  by 
section  one  of  the  act  of  .lune  twenty-fifth,  nin<'te<'n 
hundn'd  and  ten,  establishing  such  system,  tin*  amount 
of  Work  doiw  for  that  systi'iu  by  the  Post  Office  l)tv 
partment  and  postal  sen'ice  in  the  trans|K>rtation  of  friMJ 
mail. 

"Skc.   \'-i.  Postmasters,  assistant  postmasters,  ch'rks,  ,^'"  ""V"  "^ 
or  other  eniploye««   nt   post   ofTici'S   of    the    presidential'  '^ 

crade,  and  postmasters  at  post  (•fliiM'S  of  the  fourth  cla.ss, » '  v  >  '    ','"* 
shall  not   be  allowc<l  or  paitl  any  additional  coiuju'iisa- '"' ""-'^'• 
tioii    for    tlie    transaction   of   postal   savings   dejMisitory 
business.'' 

Approve<l.  S«'pt<'mber  2;i,  \9\-\. 


AN  ACT  TO  AMEND  THE  A«T  APPROVED  JT"NE  'nVEN'TY- 
KIFTH.  NINKTKKN  Ht'NDRED  AND  TKN.  AlTHnRIZlNG 
THK  POSTAL  SAVIN(.;S  SYSTEM,  AND  FOR  OTHER 
PURPOSES. 

Be  it  enadtd  by  the  Senate  and  House  of  Btpnsrntatires 
of  the    Ignited  States  of  Amrrien   in    Confess  assembled, 

til 


POSTAL   LAWS   AND   REGULATIOXS. 

Monthly  limi-That  such  part  of  section  six  of  the  act  approved  June 

tation  removed.  rri-  i  ii  i  i-- 

twenty-iiitn,  nineteen  nmidred  ana  ten,   authorizing  a 
system  of  postal  savings  depositories,  as  reads  ''but  no 
one  shall  be  pei-mitted  to  deposit  more  than  SlOO  in  any 
one   calendar  month"   is  hereby   amended   to   read   as 
te^/e^s^t^^e'arilfg follows:  " but  the  balance  to  the  credit  of  any  person, 
cmirt^of^^a  dl^- upou  -which  interest  is  payable,  shall  not  exceed  SI, 000, 
positor.  exclusive  of  accumulated  interest";  and  said  act  is  fur- 

ther amended  so  that  the  proviso  in  section  seven  thereof 
Additional non-s}iall  read  as  follows:  ''Provided,  That  the  board  of  trus- 

interest-bearing  _  ... 

deposits.  ^ggg  may,  in  their  discretion,  and  under  such  regulations 

as  such  board  may  promulgate,  accept  additional  depos- 
its not  to  exceed  in  the  aggregate  $1,000  for  each  depos- 
itor, but  upon  which  no  interest  shaU  be  paid." 

j^^De^pository  g^c.  2.  That  postal  savings  funds  received  under  the 
provisions  of  this  act  shall  be  deposited  in  solvent  banks, 
whether  organized  under  National  or  State  laws,  and 
whether  member  banks  or  not  of  the  Federal  reserve 
system  established  by  the  act  approved  December 
twenty-tliird,  nineteen  hundred  and  thirteen,  being  sub- 
ject to  National  or  State  supervision  and  examination, 
Minimum  rate  and  the  sums  deposited  shall  bear  interest  at  the  rate  of 

of  interest.  i  i  i  p  ^ 

not  less  than  two  and  one-iourth  per  centum  per  annum. 

Rate  to  be  uni- which  rate  shall  be  uniform  throughout  the  United  States 
and  Territories  thereof ;  but  five  per  centum  of  such  funds 

Five  per  cent  shall  be  withdrawn  bv  the  board  of  trustees  and  kept 
with  the  Treasurer  of  the  United  States,  who  shall  be 

Treasurer  of  treasurer  of  the  board  of  trustees,  in  lawful  money  as  a 
tees.  reserve.     The  board  of  trustees  shall  take  from  such 

Security     fur-bauks  such  security  in  public  bonds  or  other  securities, 

'  authorized  by  act  of  Congress  or  supported  by  the  taxing 

power,  as  the  board  may  prescribe,  approve,  and  deem 

sufficient  and  necessary  to  insure  the  safety  and  prompt 

Postal  savings  payment    of    such    deposits    on    demand.     The    funds 

Distribution  in  received  at  the  postal  savings  depositor}^  offices  in  each 
city,  town,  village,  and  other  locahty  shall  be  deposited 
in  banks  located  therein  (substantially  in  proportion  to 
the  capital  and  surplus  of  each  such  bank)  wilfing  to 
receive  such  deposits  under  the  terms  of  this  act  and  the 
regulations  made  by  authority  thereof:    Provided,  Jiow- 

Member  hanks  ever,  If  oiic  or  more  member  banks  of  the  Federal  reserve 

reserve  system systcm    estabfishcd    by    the    act    approved    December 

g.ven  P'^'^  ®'"®'^^®- ^^gj^j-y._^]^P(j^  nineteen  hundred  and  thirteen,  exists  in 

the  city,  town,  village,  or  locahty  where  the  postal  sav- 


62 


API'KNDIX. 

in^s  deposits  are  inado,  such  deposits  shall  bo  j>la<H>d  in 

sucli  cpialifiod  inoinhor  hanks  siihstatitially  in  proportion 

to  the  c-aj)ilal  and  surplus  of  each  such  haid<,  hut  if  such 

nu'uibor  hanks  fail  to  (pialify  to  rocoivo  such  d»>p()sits, 

then  any  other  hank  located  ( herein  may,  as  hereiid)eft)ro 

j)rovitled,    (juahfy    and    receive    tin*   same.      If    no    such  ,J)^*'"'^'),"" '*'^' 

nu'nd)er  hank  and  no  t)ther  (|ualijied  hank  exists  in  au}' 

city,    town,   villa«^e,   or  locahty,   or  if   luuie  when'  such 

di'posits  are  nuide  "will  receive  such  deposits  on  tlu^  terms 

prescrihed,  then  sucli  funds  slnill  i)e  di'posited  niuler  the 

tiTUis  of  this  act  in  the  hank  most  convenient  to  such 

locality.     If  no  sucl\  hank  in  ajiy  State  or  T(»rritory  is 

willinj;  to  receive  such  dejiosits  on  th(>  terms  prcscril)ed, 

then  sncli  funds  shall  l)e  ileposited  with  the  treasurer  of    i>op»ita   wnu 

'  treasurer. 

the  hoard  of  trustees  and  shall  ho  counted  in  nuiklng  up 

the    reserve   of   five    per   C4'ntum.     Such    funds   may   be    •>iif>i'i- 

'  _  •'  lltilo       fl>l 

withdrawn  from  the  treasurer  of  said  hoanl  of  trustees, '"'"i  "'  '^m  • 

'  tors. 

and  all  otlicr  postal  savings  funds,  or  any  part  of  sucli 
funtls,  nniy  bo  at  any  tinu"  witlidrawn  from  tlie  hanks 
and  s.ivings  depository  odices  for  the  rej)ayment  of  postal 
saviuirs  depositors  when  reciuired  for  that  purpos(».     If  at,  Exf^Mdopmiia 

^1  1  '         •  in  uny  Sl.itc  may 

any  time  the  postal  savings  deposits  in  anv  State  or  Tor-  !"  ,'"'^*'*^'  .'" 

1  «->  1  J  ^  1   rut.   I  SUtUxi 

ritory  sluiU  exceed  tlu»  amount  wliich  the  qualified  hanks'"''' 

tlierein  are  willing  to  receive  uiuler  tht>  terms  of  tliis  act, 

and  such  excess  amount  is  not  re(|uired  to  nuike  up  th«*  re- 

si^rve  fund  of  five  per  centum  liereinhefore  provided  f<»r,  tho 

i)oard  of  trustees  nniy  invest  all  or  any  part  of  sucli  exct»ss 

amount  in  hontls  or  other  st'curities  of  th««  I'nited  States. 

When,  in  tlie  judgment  of  tiu>  Pn-sident,  the  general  wel-     ^"  •  '  '    '•<• 

fare  an<l  interests  of  tin*   I'nited  Stat«\s  so  retiuire,    ili  /^ 

hoard  of  trustees  nuiy  inv««st  all  or  any  j)art  of  the  p<istal ' '*^»»i*'"^ 

savings  fluids,  except  the  n-serve  fund  of  five  |H'r  centum 

herein  provided  for,  in  bonds  or  other  s«MMiriti«»s  of  the 

I'nited  Stales.    'Plugboard  of  trustees  may  in  its  discri'ti<  '''^ 

puirhaso  from  the  holdi<rs  thereof  bi)nds  which  have  be.  ,    ;•; 

or  nmy  be  issued  under  the  i)ro visions  of  scH't ion  ten  of  tl.' 

act    t>f   .Tun«^    twenty-fifth,    nineteen    hundred    and    t«>n. 

Int4vre8t  ami  profit  accruing  from  the  deposits  or  invest-    '  *"  '      ^'J^ 

nient  of  |x»stal  stiviiigs  fumls  shall  bo  applied  to  tho  pa  .  ^ 

ment  of  interest  due  to  postal  savings  de|>ositors,  as  li<*re- 

inbefore  provideil,  and  the  »'xc«*is  thereof,  if  any,  shall ^^JJJ;^,„/®p^ 

be  covered  into  the  Treasun'  of  the  I'nited  '^nU^  ns  n  »«»'«'»«•'» '»«• 

part  of  the  p«»stal  revi-nue:  Pnnuilnl  furtlur.  That  p«»st    !  ''}^ 

savin<rs  funds  in  the  tr«'  '^urv  of  said  board  sIimH  In-  vui. 


6a 


POSTAL    LAWS   AND   REGULATIONS. 

ject  to  disposition  as  provided  in  this  act,  and  not  other- 
Disposai  of '  in- ^ise :  And  provided  further,  That  the  board  of  trustees 

vestment    bonds  ^  "^  ' 

to  meet  with-  may  at  any  tnne  dispose  of  bonds  held  as  postal  savmgs 
investments  and  use  the  proceeds  to  meet  withdrawals  of 

'"T^rAor""    "^deposits  by  depositors.     For  the  purposes  of  this  act  the 

word  "Territory"  as  used  herein  shall  be  held  to  include 

the  District  of  Columbia,  the  District  of  Alaska,  and  Porto 

Savings  banks  j^i^Q   ^^^  ^]^p  word  ''bank"  shall  be  held  to  include  sav- 

and    trust    com-  ' 

panics.  jj^gg  banks  and  trust  companies  doing  a  bankmg  business. 

Repeal  of  con-      gj.^    17    That  all  laws  or  parts  of  laws  in  conflict  with 

flictmg  laws.  -T 

the  provisions  of  this  act  are  hereby  repealed. 
Approved,  May  18,  1916. 


64 


1  X  1)  i:  X . 

[Rt'fort'mcs  ar»>  to  srcliuiis  aixl   iiiirii:,'r;iphs.I 

Sec  Par. 

Attouiitahility  f«>r  funds ..  lli.H8  .'i 

For  !4U{)plieH 12JS5  A 

Aci-oiMit  ('urreut:  Errors 1275  4 

Not  to  be  held  for  remit tanco  receipts                                               ..  1279  5 

Preparation 12SC  4-7 

Signature 1286  7 

Account  numbers 1271  4 

Account*,  oponiiiK 1271  1-7 

Sfe  also  l)v\>*i'*ili>.  saviuus. 

AddreK"*  for  letters  to  Dfjiartinent 1269  '.i 

Adjudication  of  righta 1288  1,2 

AdnuTKC 1280  6 

Administration  of  eetatcfl 1283  2,  :\ 

A^'e  of  dejKwitor 1270  1 

Ap(H)rtionment  of  bank  deposits 1278  1-5 

Attachment  proteedinRs 1288  1,  2 

Hank  ib'posits.     See  Deposits  in  banks. 

Heneficiary,  depositor  may  not  name 1283  12 

Itoard  of  Trustees:  Function 1269  1 

Purchase  of  bonds 1284  13 

IJ'  >iids  of  jHistmasters  and  clerks 1288  7, 8 

lionds,  }>ostal  savings;  Ai)i>lication 1284  2  ■'» 

Denominations 1284  1  (not«.\ 

Further  depotiits  after  application i-M  '.> 

Interest  chwks  and  couiwns 1284  14 

Interest  on  surren«len««l  certificatiw 1284  8,  IC 

Iswued  only  in  exchange  for  depend t* 1 284  12 

Uw .' 1284  1 

List  of  a|>plicants ■  '  C 

No  limit  to  amount 11 

Purchase  by  Hoard  of  Trustees 13 

Surrendert^i  cfrtilicat** '  7 

When  exchange  clo«ic«  account.. .  '284  10 

llranc-h  oflices:  Dejiositfl  in  banka 1287  8 

Money  order  and  iMStal  fundi! 1287  10 

No  tran.«rfer  of  ai  counts 1287  14 

Records  and  rej««rts 1287  7 

Remit  tan <i's  to  main  oflice.  1^"  9 

Statistical  r»'|K>rt.-< '287  13 

Supplies 1  ^"  12 

I'i^e  of  drafts,  Form  PS  316 H 

Gkrds  and  stamps,  |>ostal  savings:  Accepted  for  dep*--:^  3 

Cash  redemption '■  3 

Keptforsale 1273  2 

05 


INDEX. 

Sec.  Par. 

Cards  and  stamps:  Law 1273  1 

Lost  or  damaged 1285  8-12 

May  be  sold  at  stations 1285  4 

Nine  stamps  must  be  on  card 1273  4 

Requisitions 1285  1-7 

Transferable 1273  5 

Central  depository  office :  Designation 1279  2 

Disposition  of  surplus  funds 1279  9 

Payment  of  drafts 1280  12 

Receipt  of  funds 1279  4 

Record  of  paid  drafts , . . . .  1280  14 

Treatment  of  overdrafts 1280  13 

Certificates,  postal  savings :  Cancellation 1281  8 

Description 1272  1 

Errors  found  after  issue 1275  2, 5 

Errors  in  issuing 1275  1 

Interest  rate  and  period 1270  8-10 

Interest  date 1272  3 

Issue 1272  1-11 

Issue  out  of  order 1272  8,  9 

Life  not  limited 1272  10 

Lost  or  damaged  stock 1285  8-12 

Lost,  stolen,  or  destroyed 1276  1-4 

Payment 1281  1-12 

Postmasters  may  not  receive  for  safekeeping 1272  11 

Requisitions : 1285  1-7 

Serial  numbers 1272  1,  7-9 

Change  in  name  of  depositor 1283  13 

Change  of  postmasters 1286  16-18 

Checking  credit  in  designated  bank 1277  4 

Governed  by  dates  of  checks 1277  5 

Monthly  limit 1277  4 

WTien  insufficient 1280  6 

Checks  on  bank,  postmaster's:  Drawing  and  cashing 1280  5 

Form 1277  7 

Record 1280  7 

Signature 1277  5 

Single,  for  day's  transactions 1280  8 

Checks  used  for  remittances 1279  7 

Clerks,  postal  savings,  to  be  bonded 1288  7,  8 

Closing  of  accounts 1281  12 

Consular  officer,  payment  to 1283  6 

Copies  of  reports 1286  5 

Correction  of  errors 1275  1-5 

Correspondence 1269  3-6 

Death  of  depositor:  Administration 1283  2,  3 

After  signing  order 1282  4 

Information  to  representative  of  estate 1288  4 

Intestate 1283  4-11 

Loss  of  certificates 1276  4 

No  funeral  expenses 1283  8 

No  further  deposits 1283  1 


66 


INDEX, 

Htf.  I'.r. 

iH'tith  <ii  tlt'pot^itor:  Tart  payment  not  to  bo  made 12^1  U 

I'aymcnt  diret-t  to  perwin  autliorizctl 1 283  12 

lUwdfUt  abroad 1 2M3  7 

Spocific  authority  riHjum'tl  for  puymont 12H3  1 

Siir\ivo«l  by  alioii  hi-irs I2K3  6 

DopowitH  in  l)aiiks:  Apportiomueut 1278  1-6 

\pI>ortioiimfnt  adjusted 1278  i 

At  branch  otiiccs 1287  8 

By  Hoard  of  Triustees 1277  9 

Ily  iMwtmairtors 1277  3 

t'heckinj;  cretlit 1277  4,6 

Checks  or  drafts  from  Department 1277  « 

Form  of  chocks 1277  7 

Iaw 1277  1,2 

Maximum  approached  or  reached 1277  9 

ro«rtma.ster 'c  record 1 277  8,  9 

Reapportionment 1 278  3 

Kojwrt  of  bank  <-hanjr(*s' 1278  5 

Return  of  remitted  funds 1279  8 

Sums  leas  than  $10 1277  3 

Depoedti*.  8a\-in^:  Accounts  opened  before  July  1,  11)17 1272  5 

\rcount8  transferred  only  to  or  from  stations 1287  H 

rhanifo  in  name  of  depositor 1283  13 

('orrespondence  about  accounta 12(J9  4,  «i 

Exchange  for  bonds 128-1  1-11 

Interest  rate  aiul  period 1270  8  10 

Lej^al  proceedi ni,'S  aflecting  rights 1288  1,  2 

Limit  of  |1 .000  daw) 1270  4 

Limit  of  $1,000.  observance 1272  5 

Miniftium  de|>o«it 1270  4 

Nonintercwt-bearinK 1270  5,  (] 

One  person,  one  account 1 270  1,3 

Opening  wcount* I-.' I  1-7 

Op'::                Hits  by  mail li.'71  3-9 

Op.:                  ints  throuK'h  rcpreeentative  1274  1,2 

Payable  oit  tli'man<l '  I 

Privacy  of  a<-c-ounts •    t 

Sipnor  by  mark  nui.Hl  op«<n  a<-count  in  pen«>n 12,1  2 

.Sub-vvjuent  dejKwdts  throiiirh  re|>ri*!«'Mt.iti\«' or  by  nuki!     1274  10.11 

What  may  be  accepted  I-7t» 

Who  may  make I  -  .'>  I    ' 

Srr  also  Withdrawals  by  dcpomlor- 

Dijwbility  of  deixwitor,  le*»al '  '■■  •  '    '- 

Droft.^  by  pofltin;u*ter»:  <'n«<lit  Rovemod  by  date«  of  dra/ti*.  i .  -"  9 

In-fiinicient  cre<lit  I-'M)  1> 

Monthly  crcnUl..  I'-^O  9 

X<v"tiatinj; '  10 

Not  to  Iks  drawn  by  bankintr  portmarten* 8 

Overdrafts '     "  i:» 

Payment '    -"  1-14 

Recording 

Drafts  by  su{>orintendentfl  of  brmnrh  off — -* 


\^^o  11 

1  •  ^  ;  II 


INDEX. 

Sec,  Par. 

Drafts  by  euperintendents  of  stations 1287  4 

Drafts  used  for  remittances 1279  7 

Envelopes,  depositors',  Form  PS  301 1272  4 

Envelopes,  penalty 1269  5 

En-ors,  correction 1275  1-5 

Establishment  of  service 1269  1 

Execution  proceedings 1288  1, 2 

Filing  depositors'  cards 1271  7 

Foreign  countries :  Heirs  residing  in 1283  7 

Letters  to  depositors  in 1269  6 

Forma  and  supplies 1285  1-12 

Funds  to  be  kept  separate 1288  5 

Garnishment  proceedings 1288  1,  2 

Identification  of  depositor 1281  5, 6 

Individuals  only  may  deposit 1270  2 

Information  concerning  accoimts  not  to  be  given 1288  3, 4 

Insanity  of  depositor 1283  1-12 

Inspectors  may  be  informed  about  accounts 1288  4 

Interest  on  bank  deposits 1277  9 

Interest  on  postal  savings  deposits:  Date 1272  3 

Not  compoimded 1272  3 

On  certificates  issued  before  July  1,  1917 1281  13 

On  certificates  siurrendered  for  bonds 1284  8 

Paid  through  representative 1282  3 

Payable  from  current  receipts 1280  4 

Payment 1281  13 

Payment  by  mail 1282  6 

Rate  and  period 1270  8,  9 

Record  of  payment 1281  14 

(  1284  14 

Interest  on  postal-savings  bonds;  cashing  checks  and  coupons 


1288  6 

Issue  of  certificates 1272  1-11 

J<iint  accounts  not  allowed 1270  2 

Judgment  of  courts 1288  1,2 

Legal  proceedings  affecting  deposits 1288  1 

Postmaster  to  report 1288  2 

Letters :  Addressed  to  Department 1269  3 

Not  to  be  inclosed  with  reports 1269  4 

To  depositors  abroad 1269  6 

Use  of  penalty  envelopes 1269  5 

Loss  of  records 1286  3 

Lost  certificates 1276  1-4 

Lost  or  damaged  suppUes 1285  8-12 

Mail :  Opening  accounts 1274  3-9 

Subseqiient  deposits 1274  10, 11 

Married  woman :  Account  free  from  interference 1270  1 

Change  of  name 1283  13 

Must  sign  given  name 1271  2 

Maximum  balance  in  bank 1277  9 

Maximum  depositor's  balance 1270  4 

Bonds  not  included 1284  11 

Minimum  deposit 1270  4 


68 


INDKX. 


MoUfV  ordore:  Mailed  for  dopcwit 

I'uynu-nt  by 

N!oiii«y  urdor  funds  uaed  to  cash  checks  . 

To  t  iush  (1  nif ta 

Nanjc  of  depontor  changed 

Nt^rotiuMc  pajMT  c:u<hed 

Numhcrinp  of  accoiint.M 

One  account  only 

Openinj;  of  accoutits 

.NVr  also  Depoaitd,  savings. 

( )ivaiii/.ation  of  Potrtal  Savinps  System 

I'arl  payment  of  certilicato 

Payment  of  certificates.     Scf  W  ithdrawals  by  depositors 

Pi-nalty  onvelopt.«a 

rhunirds  (  Form  PS5) 

PitHj^je  for  repayment  of  depKwits 

P<>rttal  funds  used  to  cash  checks 

To  (-.ish  dnif ta 

Poetal  (iiude,  depoatories  indicated 

Postmatfter  tJeneral:  To  deaijjrnale  postal  8a^'ing8  depositories. 

To  make  rules  and  regulations 

Postiniisters:  Accountability  for  funds 

.\dditional  bond 

<  'hange 

Poflt  otlicee:  Designation  as  depositories 

Hours  of  business 

Privary  of  accounts 

Keap|)<)rtionment  of  bank  deposits 

lltHX)rdH:  Hank  dejKwits 

<  Vrtificates  iwueil  and  paid 

« 'orre<'tioii  of  errors ._ 

Dailv  Summarv 


Depositor's  card 

I^jf«  to  be  rejKirted 

KeiHCue  of  lost  cerliliiatc« 

<  >f  s[X)ile<i  certiljcatee 

Kemittancc  of  funds:  Dy  officee  without  local  bonk- 

Central  de|X)«iton,-  ollice 

<*hei-ks  or  drafts 

Kntr\-  in  rwords 

Ix'tter  of 

Manner  < 

lletvipu.  [  I  \>rm  I'S  .ll.W. 

lU'turn  for  Itx  al  dejKinit 

Sums  loss  than  ?10 

Sun>lufl  of  banking  postmasters 
Ucports:  Account  current  and  abstracts. . 

Daily  station 

On  change  of  postmast'r 

Statistical 

Statistical.  station- 
Statistical,  braucbt^st 


Sfc. 

P.r. 

IJVt 

11 

IJSJ 

J>-7 

UNO 

5 

I'JKO 

10 

iL'.s;{ 

13 

12«8 

6 

1271 

4 

1270 

1,3 

1271 

1-7 

12G9 

1 

12S1 

10 

1209 

5 

1269 

2 

1288 

9 

1280 

r, 

1280 

10 

1274 

4 

1269 

1 

1269 

1 

1288 

0,7 

1288 

7 

1286 

16-18 

12(i9 

1 

1269 

1 

1288 

3,-1 

1278 

3 

1277 

8 

1286 

1 

1275 

3,5 

12S6 

1.2 

1271 

1-7 

1286 

1 

1 2s<; 

3 

1276 

1-1 

127') 

2 

1279 

1  7 

1279 

•» 

1279 

7 

1279 

6 

1279 

6 

1279 

6 

!.  ;■• 

•t.6 

1. .  t 

8 

1279 

3 

12, -9 

8 

I.-. 

1-7 

i.  -; 

1 

1 .  -'. 

ie-18 

IXi 

8-16 

1287 

6 

1287 

13 

INDEX. 

Sec.  Par. 

Kepresentative:  Account  opened  through 1274  1,  2 

Subsequent  deposits 1274  10, 11 

Residence  of  depositor  immaterial 1270  3 

SaA-ings  cards  and  stamps.     See  Cards  and  stamps. 

Serial  numbers  of  certificates 1272  1,  7-9 

Signature  of  depositor:  By  mark  on  certificates 1281  3 

By  mark  on  application 1271  2 

By  mark,  signer  must  open  account  in  person 1274  2 

Given  name  to  be  used 1271  2 

In  unusual  characters  on  application 1271  2 

In  unusual  characters  on  certificates 1281  3 

Signatm-e  on  account  current 1286  7 

Signatiu-e  on  bank  checks 1277  5 

Spoiled  certificates 1275  1,  2 

Stamps,  sa^"ings.     See  Cards  and  stamps. 

Stations,  post  office:  Cards  and  stamps  sold 1285  4 

^loney  order  and  postal  funds 1287  3 

Records  and  reports 1287  1,  2 

Supplies 1287  5 

Transfer  of  accounts 1287  14 

Use  of  drafts,  Form  PS  316 1287  4 

Statistical  reports 1286  8-15 

Branch  offices 1287  13 

Stations 1287  6 

Supplies:  Accountability 1285  3 

Branch  offices 1287  12 

Entry  in  records 1285  5 

Invoice  date  to  be  stated 1285  7 

Lost  or  damaged 1285  8-12 

Opening  and  counting 1285  5 

Requisitions 1285  1 

Stations 1287  5 

Stock  to  be  kept 1285  2 

Surplus  funds  of  banking  postmasters 1279  8 

Telegi'ams  reporting  overdraft 1280  13 

Requesting  increased  credit 1280  6 

Third  Assistant  Postmaster  General:  Agent  of  Board  of  Trustees 1269  1 

Addressed  on  postal  savings  business 1269  3 

Transfer  drafts 1277  6 

Transfer  of  accounts  at  stations 1287  14 

Treasurer  of  United  States 1269  1 

Trust  accounts  not  allo^red 1270  2 

Withdrawals  by  depositors:  By  mail 1282  5-7 

Certificates  issued  before  July  1,  1917 1281  8 

Closing  of  accoimts 1281  ]  2 

Disputed  accounts 1288  2 

Identification 1281  5.6 

Indorsement  of  certificates 1281  1-5 

Pai't  pajonent  of  certificate 1281  10 

Payable  from  current  receipts 1280  4 

Payable  from  deposits  within  State .- 1280  3 

Payable  on  demand 1280  1 


70 


INDEX. 

Sec.  I'ar. 

Witlulniwula  by  iU'i)»>.><itor8:   ruyment  of  interost 12Si  la,  14 

ruyiiu>nt  on  tlfutli 12.s;i  1-12 

rayineut  withheld 12X1  G,  7 

KtMnnl  of  payiiu'iits 1281  8,  9 

.*>iirr».'ml»T  of  tcrtilicati's 12S0  2 

Throu>,'h  rfpn\si'iitalivo 12S2  l—i 

\Sith<lr.iwiils  l>y  l>ankiiii;  postinu-sttTS 12S()  .VS 

Stt-  iiUo  (luikiiijj  crodil  ami  CluH-ks  on  hanks. 

^Vilh(lru^valH  l>y  remitting  poHtuuLstera 12.S()  0-14 

Stf  aUo  l)raft«  l>y  i>ostn»iuster8. 

AVitnc-^s,  who  may  a«'t  aa 12S1  4 

W'ouuui.     ^s'tY  MarrictI  vonuin. 


71 


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